The historical data for wine losses in Argentina shows significant fluctuations from 2014 to 2023, starting at 78.0 thousand metric tons in 2014 and decreasing to 68.0 thousand metric tons in 2023. Notably, there were considerable changes in the years 2015 and 2016, with losses decreasing by 12.82% and 27.94% respectively. A substantial increase was seen in 2017 and 2018, with values rising by 32.65% and 13.85%. Thereafter, the trend stabilized with year-on-year variations of less than 1.5%. Specifically, in 2023, wine losses stood at 68.0 thousand metric tons, marking a 1.45% decrease from the previous year. The compound annual growth rate (CAGR) over the last five years indicates a slight average yearly decrease of 1.68%.
Looking forward, the forecasted data from 2024 to 2028 suggests a gradual decline in wine losses, with an estimated annual average reduction rate (CAGR) of 0.3%. This indicates a slow but consistent decrease in losses. By 2028, the value is projected to reach 67.0 thousand metric tons, with an overall decrease of 1.47% from 2023.
Future trends to watch for include:
- Changes in agricultural practices and climate conditions that may impact grape yield and wine production.
- Technological advancements in wine preservation and storage that could reduce loss rates.
- Economic factors affecting the wine industry, such as market demand and export regulations.
