The trend in South African wine export volume from 2014 to 2023 shows an overall positive trajectory, with several fluctuations. After a steady start at 482.0 thousand metric tons in both 2014 and 2015, the volume gradually increased each year until it peaked at 533.0 thousand metric tons in 2018. The significant dip in 2020 to 444.88 thousand metric tons can be attributed to external factors like the global pandemic. However, recovery was swift, with volumes reaching 548.0 thousand metric tons in 2023. The year-on-year variation for 2023 stood at 0.74%, while the CAGR over the last five years was 0.56%.
Future trends suggest a continued modest growth in wine export volumes, with forecasts projecting a gradual increase to 568.39 thousand metric tons by 2028. The forecasted five-year CAGR is 0.58%, indicating stable yet moderate growth. Key trends to watch for include changing global wine consumption patterns, potential impacts of climate change on viticulture, and evolving trade agreements that may open new markets or affect existing ones.
