The production of wine and grape must in Spain exhibited noticeable fluctuations from 2013 to 2023, peaking at nearly 7 million liters in 2014, then showing a general trend of decline with some intermittent increases. In 2023, the production stood at 6.0028 million liters, reflecting a slight decrease of 1.75% from the previous year. Over the last two years (2022-2023), the production trend showed minor decreases, with year-on-year variations of -0.76% in 2022 and -1.75% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was -1.44%, indicating an overall annual decrease in production.
Future projections suggest this downward trend will continue, with forecasted data indicating a gradual decline, reaching 5.4836 million liters by 2028. This reflects an overall forecasted 5-year growth rate of -7.01%.
Future trends to watch for include potential impacts of climate change on grape yields, shifts in consumer preferences, and the effects of international trade policies on export markets. Furthermore, advancements in viticulture technology and sustainability practices may influence future production volumes.
