Forecast: Wine Grapes Production in Canada

Analyzing Canada's wine grapes production from 2013 to 2023, the production stood at 117.44 thousand metric tons in 2023. Year-on-year variations highlight substantial fluctuations, notably a significant rise of 36.08% in 2023 following a decrease of 13.08% in 2022. Over the last 5 years, the CAGR was 2.23%, indicating moderate growth despite the volatility. The forecasted 5-year CAGR is 1.72% with an overall growth rate of 8.88% by 2028, suggesting steady but modest growth. Future trends to watch include potential impacts of climate change on grape yield and quality, innovations in viticulture practices, and market demand for Canadian wines.

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