Wine production in Chile stood at 1.3273 million metric tons in 2023. Over the past decade, production has shown volatility with significant year-on-year variations including increases in 2015 and 2018 by around 30% and 35% respectively, and dips in 2014 and 2016 by approximately 22% and 21%. In the last two years, Chile's wine production saw modest growth with increases of around 1.9% in 2022 and 1.82% in 2023.
The Compound Annual Growth Rate (CAGR) over the past five years shows an average annual increase of 0.57%. Looking ahead, forecasted data suggest a steady rise in production, with an expected 5-year CAGR of 1.41%, culminating in a growth rate of 7.25% by 2028.
Future trends to watch for include the impacts of climate change on grape yields, shifts in global wine demand, and advancements in viticulture practices that could further drive production efficiency and sustainability in Chile's wine industry.
