The wine market in Mexico has shown stability over the last decade, maintaining a volume of 12.0 thousand metric tons from 2014 to 2017, then witnessing a slight increase in 2018 to 13.0 thousand metric tons. The market faced a decline in 2020 due to external factors, dropping to 10.79 thousand metric tons, but rebounded by 2021 to 13.0 thousand metric tons, maintaining this level through 2023.
Year-on-year variation for 2023 remained stable at 0%, reflecting a consistent trend. The Compound Annual Growth Rate (CAGR) over the last five years has been 0%, indicating steady market conditions. The forecast for 2024 and beyond shows a gradual increase, with a forecasted CAGR of 0.38% and a total projected growth rate of 1.91% by 2028.
Future trends to watch for include shifts in consumer preferences towards premium and organic wines, potential impacts of economic fluctuations, and emerging domestic wine production which may influence market dynamics.
