Grape wine market in Argentina

Earlier Report Observations

The volume of the grape wine and must market in Argentina declined from 1 186 million liters in 2018 to 694 million liters in 2020. This contraction was driven by regulatory adjustments, including the 2019 introduction of a minimum grape-to-wine ratio for light wines that constrained production flexibility, and the 2020 raw material price crisis triggered by falling domestic demand and a sharp peso devaluation.

A temporary recovery lifted the market to 960 million liters in 2021, coinciding with the enactment of the General Wine Law, which bolstered origin protection and labeling requirements. However, by 2023, the volume had fallen to 688 million liters following an unfavorable harvest that reduced output and inflationary pressures that cut per capita consumption by 7%.

In 2024, the industry focused on export diversification through campaigns promoting white wines and maintained export tax rebates and exemptions. The approval of a law allowing natural grape juice as a sweetener in the food industry opened new product lines, while the Viticultural Strategic Plan 2030 set targets for expanding organic vineyard area.

Production grape wine in Argentina

In kind, 2017-2020, M l

Globally, Argentina ranked as the 6th largest producer of grape wine from 2017 to 2020.

Top producers of grape wine, 2017-2020

World map of production of grape wine, 2017-2020

Argentina's grape wine production declined for the second year in a row. In 2020, the country produced 1 080 million liters, marking a significant 17.1% drop from the previous year. Over the 2017-2020 period, production fell by 8.7%, with an average annual decline of 3.0%. The highest output was in 2018 at 1 452 million liters, which also saw the largest increase of 22.8%.

Annual dynamics of production in Argentina in kind, 2017-2020, M l

In value, 2017-2020, M $ US

Argentina's grape wine production value also decreased for the second consecutive year. In 2020, the output was valued at 2 172 million US dollars, a sharp 36.7% reduction compared to 2019. From 2017 to 2020, production value dropped by 48.8%, averaging a 20.0% annual decline. The peak value occurred in 2018 at 4 418 million US dollars, which recorded the largest increase of 4.1%.

Annual dynamics of production in Argentina in value, 2017-2020, M $ US

Exports grape wine from Argentina

Exports in kind, M l

Argentina's grape wine exports grew for the third straight year. In 2020, the country exported 385.6 million liters, showing a notable 28.1% surge from the previous year. Between 2017 and 2020, exports rose by 71.5%, equivalent to an annualized growth rate of 19.7%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, M l

From 2017 to 2020, the United States (21.3% of exports in volume), the United Kingdom (14.3%), and Canada (10.3%) were the top buyers of Argentine grape wine. However, their combined share accounted for only 45.9% of total exports, indicating a diversified market structure.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Argentina in kind, 2017-2020

Exports in value, M $ US

Argentina's grape wine export value declined for the second year in a row. In 2020, exports totaled 775.8 million US dollars, a slight 2.2% decrease year-over-year. Over the 2017-2020 period, export value fell by 3.9%, with an average annual decline of 1.3%. The highest value was in 2018 at 819.5 million US dollars, which saw a 1.6% increase, while 2019 recorded the largest drop of 3.3%.

Annual dynamics of product's exports from Argentina in value, 2017-2020, M $ US

In value terms from 2017 to 2020, the United States (31.3% of exports), the United Kingdom (14.0%), and Canada (8.5%) led Argentina's grape wine export structure, together making up 53.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Argentina in value, 2017-2020

Imports grape wine to Argentina

Imports in kind, M l

The market showed an unstable trend during this period. Import volumes hit their lowest point in 2019 at 0.3 million liters and peaked in 2017, with a 257-fold difference between these years. In 2020, Argentina's grape wine imports reached 0.4 million liters, a 12.7% increase from 2019. The largest decline occurred in 2018 at 96.5%.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, M l

From 2017 to 2020, Chile accounted for nearly all of Argentina's grape wine imports in volume, with a 93.7% share of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Argentina in kind, 2017-2020

Imports in value, M $ US

The data reveals irregular changes, pointing to a volatile market. Imports reached their lowest in 2019 at 4.6 million US dollars and peaked in 2017, showing a 14-fold difference. In 2020, Argentina imported 4.9 million US dollars worth of grape wine, a 7.3% rise from the previous year. The largest decline was in 2018 at 83.1%.

Annual dynamics of product's imports to Argentina in value, 2017-2020, M $ US

Throughout 2017-2020, Chile dominated Argentina's grape wine imports in value, holding 71.3% of total flows, while other countries had much smaller shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Argentina in value, 2017-2020