In 2023, the demand for grapes in Australia stood at 1.70 million metric tons. From 2024 to 2028, the demand is forecasted to grow modestly, reaching 1.73 million metric tons by 2028. The year-on-year variation shows a stable demand with minimal increases: 2024 to 2025 (0.58%), 2025 to 2026 (0%), 2026 to 2027 (0.58%), and 2027 to 2028 (0%). The compound annual growth rate (CAGR) over the next five years is projected to be around 0.29% per year.
Future trends to watch for:
- Changes in consumer preferences for locally-grown versus imported grapes.
- Potential impacts of climatic changes on grape production in different regions of Australia.
- Evolution of food and beverage industry trends, especially in the context of health and wellness.
- Trade policies and tariff changes affecting import and export dynamics.
