Market research

Wine and wine products market in Argentina

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

In 2018, the wine and wine products market in Argentina reached 1 182 thousand tonnes. Production was highly concentrated in Mendoza province, accounting for about 77% of national output, with non-varietal red wine being the most produced type. By 2019, market volume fell to 1 001 thousand tonnes, while enotourism gained traction and boutique wineries like La Azul, Maal Wines and Super Uco received recognition. In 2020, the market volume further declined to 696 thousand tonnes.

The market recovered in 2021, growing to 973 thousand tonnes. This rebound was driven by a historic export performance, with bottled wine exports reaching USD 822 million, which stimulated production. However, domestic consumption continued to decline, dropping by 11.1%.

From 2022 to 2023, the market volume contracted again, falling to 893 thousand tonnes in 2022 and 696 thousand tonnes in 2023. A water crisis in Mendoza impacted grape yields and production, while macroeconomic instability eroded purchasing power. The government implemented financial incentives, including the 'Malbec dollar' in 2023 to boost exports, but this did not prevent a 36.2% drop in domestic consumption in 2023. By 2024, grape production began to recover and exports grew by 15.3%, yet wine consumption in Argentina kept falling due to cultural shifts and competition from other beverages.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Argentina
  1. 5.1.1. Annual dynamics of production in Argentina in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Argentina in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production wine and wine products in Argentina

In kind, 2017-2020, K t

From 2017 to 2020, Argentina ranked as the world's sixth-largest producer of wine and wine products.

Top producers of wine and wine products, 2017-2020

Source: SHEV.io

World map of production of wine and wine products, 2017-2020

Source: SHEV.io

Argentina's production of wine and wine products declined for the second year in a row. In 2020, the country produced 1,080 thousand tonnes, marking a 17.1% decrease compared to the previous year. Over the 2017-2020 period, production fell by 8.7%, with an average annual decline of 3.0%. The highest production volume was recorded in 2018 at 1,452 thousand tonnes, which also saw the largest increase of 22.8%.

Annual dynamics of production in Argentina in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	22.8%	(10.3%)	(17.1%)	(3.0%)

Source: SHEV.io

In value, 2017-2020, M $ US

Argentina's production value of wine and wine products dropped for the second consecutive year. In 2020, output was valued at 2,158 million US dollars, a 35.6% decrease from the previous year. From 2017 to 2020, production value declined by 46.2%, averaging an 18.7% annual reduction. The peak value occurred in 2018 at 4,251 million US dollars, which also experienced the largest increase of 5.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.9%	(21.2%)	(35.6%)	(18.7%)

Source: SHEV.io

Exports wine and wine products from Argentina

Exports in kind, K t

Argentina's exports of wine and wine products in volume terms grew for the third straight year. In 2020, the country exported 394.6 thousand tonnes, a 26.3% year-on-year increase. Between 2017 and 2020, exports rose by 60.7%, equivalent to an average annual growth rate of 17.1%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.8%	8.9%	26.3%	17.1%

Source: SHEV.io

From 2017 to 2020, Argentina's export market in volume terms was diverse. The United States accounted for 21.6% of exports, the United Kingdom for 13.6%, and Canada for 9.7%, together making up 44.9% of total flows. The remaining 55.1% was distributed among numerous other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Argentina's exports of wine and wine products in value terms declined for the second year in a row. In 2020, exports totaled 788.7 million US dollars, showing a slight drop of 1.9% compared to the previous year. Over the 2017-2020 period, exports decreased by 5.4%, with an average annual decline of 1.8%. The highest value was recorded in 2018 at 839.3 million US dollars, which saw a modest increase of 0.7%. The largest decline occurred in 2019, with a 4.2% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.7%	(4.2%)	(1.9%)	(1.8%)

Source: SHEV.io

From 2017 to 2020, the United States was the top buyer of Argentine wine and wine products in value terms, accounting for 31.0% of exports. The United Kingdom followed with 13.7%, and Canada with 8.3%. Together, these three countries represented 53.0% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wine and wine products to Argentina

Imports in kind, K t

The import market for wine and wine products in volume terms showed an unstable trend from 2017 to 2020. Imports reached their lowest point in 2019 at 11.2 thousand tonnes and peaked in 2017, with an 8.2-fold difference between these years. In 2020, imports amounted to 11.3 thousand tonnes, a slight increase of 1.3% from the previous year. The largest decline was recorded in 2018, with an 81.6% drop.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(81.6%)	(33.8%)	1.3%	(50.2%)

Source: SHEV.io

From 2017 to 2020, Chile was the largest supplier of wine and wine products to Argentina in volume terms, accounting for 67.9% of imports. The United Kingdom contributed 10.7%, and Brazil 5.9%. Together, these three countries made up 84.4% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

After two years of decline, Argentina's imports of wine and wine products in value terms increased in 2020. Imports totaled 40.5 million US dollars, up 8.2% from the previous year. Over the 2017-2020 period, imports fell by 64%, with an average annual decrease of 28.9%. The lowest value was recorded in 2019 at 37.4 million US dollars, and the largest decline occurred in 2018 with a 46.2% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(46.2%)	(38.2%)	8.2%	(28.9%)

Source: SHEV.io

From 2017 to 2020, the United Kingdom was the leading contributor to Argentina's imports of wine and wine products in value terms, accounting for 32.2%. Chile followed with 24.8%, and France with 7.6%. Collectively, these three countries represented 64.6% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io