Argentina
The 2025 grape harvest concluded in April, yielding 2.1–2.2 million MT of fruit and approximately 100,000–110,000 MT of concentrate for export, an improvement over last season. While U.S. demand remains cautious due to tariff uncertainty, exports overall are steady and the outlook remains positive.
Europe
Spain and Italy expect normal-to-strong harvests this season. However, depleted carry-over stocks have kept prices elevated. France’s Charente region is emerging as a new supplier, expanding Europe’s grape must capacity and promising greater stability in 2026.
Chile, Peru, Mexico, Brazil & South Africa
The first three maintain solid positions and while Brazil and South Africa inject smaller volumes, they hold solid positions as complementary players, ensuring continuous supply. Together, this scenario reflects how the market has diversified and become more competitive, driven by the new dynamics and growing demands of American consumers.
