Examining the data from 2013 to 2023, German wine production exhibited substantial fluctuations. The year-on-year variance peaked in 2014 at a 12.54% increase, while 2020 saw an 18.59% decrease due to external pressures. Production in 2023 stood at 6.88 million metric tons, reflecting a consistent decline since 2015. The Compound Annual Growth Rate (CAGR) also showed a persistent decline, particularly over the last five years.
Forecasts from 2024 to 2028 suggest a continuation of the downward trend, predicting a 1.7% annual decrease, culminating in an 8.19% reduction by 2028.
Future trends to watch for include potential impacts of climate change, evolving consumer preferences, and advancements in viticulture practices which could mitigate declines or herald new growth opportunities.