Year-over-Year Production Increase in 2023
Portugal saw a significant increase in
wine production from
2022 to
2023, with the volume rising by
662 hectoliters, marking a recovery and expansion in the
wine industry. The production volume reached
7,284 thousand hectoliters in
2023, the highest in the provided data set.
Trend of Recovery and Growth from 2020
The data demonstrates a recovery and growth trend in wine production starting from
2020, with an initial volume of
6,226 thousand hectoliters. Despite a dip in
2019, the following years showcased consistent growth, culminating in the peak production of
2023.
Lowest Production in 2018
2018 marked the lowest point in wine production over the observed period, with only
5,840 thousand hectoliters. This establishes a significant recovery and growth phase over the subsequent years, reflecting resilience in the Portuguese wine sector.
Comparison of Growth Rates Between 2020-2021 and 2022-2023
The growth rate in wine production experienced a slight fluctuation, with a notable increase of
920 thousand hectoliters from
2020 to
2021, followed by a more moderate growth of
662 thousand hectoliters from
2022 to
2023. This indicates varying but positive growth dynamics in the industry.
Average Production Volume
Over the six-year period, the average production volume of wine in Portugal was approximately
6,570 thousand hectoliters. This average underscores the overall productivity and stability of the
wine industry, despite yearly fluctuations.
Recovery from 2019's Decline
Following a slight decline in production in
2019 to
6,302 thousand hectoliters, the industry demonstrated resilience with a consistent increase in production volumes, culminating in the highest recorded volume in
2023. This recovery highlights the industry's ability to bounce back and grow.