Over the past decade, Brazil's wine market has experienced notable fluctuations. In 2014, the wine market size was at 380 thousand metric tons. It had a significant drop in 2016 to 217 thousand metric tons, followed by a rebound to 344 thousand metric tons in 2017. Despite some recovery, the market showed a declining trend overall. By 2023, the volume was 329 thousand metric tons, marking a -0.6% year-on-year variation with a -1.29% CAGR over the last 5 years.
Looking ahead, the wine market in Brazil is forecasted to have a slower decline with a 5-year CAGR of -0.47%, reaching 319.46 thousand metric tons by 2028. Factors to watch include evolving consumer preferences, the impact of import-export dynamics, and changes in disposable income levels that could influence wine consumption patterns.
