The wine demand in China has shown overall growth from 2014 to 2023, starting at 2.39 million metric tons in 2014 and reaching 2.78 million metric tons in 2023. There were fluctuations, such as a notable decline in 2020 followed by significant growth in 2021. The average annual growth rate (CAGR) over the last five years stands at 0.87%. Year-on-year analysis for 2023 shows a moderate increase of 0.76%.
Future trends indicate continued steady growth with a projected CAGR of 0.59% from 2024 to 2028, resulting in a 3% total increase over this period. Aligning with these forecasts, the market will be worth monitoring for changes in consumer preferences and potential impacts of economic conditions, which could influence demand variations.
