Between 2013 and 2023, the import value of sparkling grape wines to South Africa rose from $17.15 million to $38.805 million. This period saw fluctuations, including notable increases in 2014 (15.98%) and a significant spike in 2018 (61.45%). Conversely, marked downturns occurred in 2015 (-4.46%) and 2020 (-12.71%). The year-on-year variation in 2023 was 4.22%, and the average annual growth rate over the past five years (CAGR) was 2.59%.

Looking ahead, the forecast data for 2024 onward suggests a continued upward trend, with a projected CAGR of 3.01% from 2023 to 2028, leading to an anticipated import value of $47.012 million by 2028.

Future trends to watch for:

Fluctuations in global wine prices and their impact on import levels.
Changes in consumer preferences and their influence on the demand for sparkling grape wines.
Potential effects of trade policies and economic conditions on import volumes.