The import of sparkling grape wines to Argentina has seen a significant decline since 2013, marked by fluctuations. After reaching a peak in 2013, there was a significant drop in 2014. The following years saw some instability, with minor increases and decreases, but the overall trend has been downward. By 2023, the volume stood at approximately 131.4 thousand kilograms. The last two years witnessed a decline of 13.71% in 2022 and 15.58% in 2023. The compound annual growth rate (CAGR) over the last five years was -15.05%.
Looking forward, the forecast predicts a continued steep decline. By 2028, imports are expected to be extremely minimal at just 4.76 thousand kilograms, representing a five-year CAGR of -46.11% and a forecasted decrease of 95.46% from 2023. Future trends to watch for include potential changes in trade policies, shifts in consumer preferences towards local or alternative beverages, and economic factors that may further impact import volumes. Monitoring these factors could provide insight into whether the downward trend will persist or if any stabilizing factors will emerge.
