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Argentina’s wine industry withers on the vine as consumption hits a record low
Domestic wine consumption dropped to 15.7 liters per person in 2025 while exports fell 6.8%, challenged by inflation, tariffs, and shifting younger consumer preferences.
- This past week in Buenos Aires, Argentina's wine industry faces its worst crisis in more than 15 years, with exports falling to 193 million liters in 2025, a 6.8% decline and the lowest since 2004.
- Fabián Ruggieri, president of the Argentine Wine Corp trade group, blames a sharp decline in purchasing power that began in 2023 while a Silicon Valley Bank report found millennial and Gen Z drinkers under 29 consume less overall.
- Small producers like Gabriel Dvoskin report about 1,100 vineyards have shut and 3,276 hectares of grape production vanished, while he cites inflation and high costs as pressures.
- Compared with Chile, Argentina faces tariffs between 10% and 20% in most markets, limiting exporters' reach amid high production costs and inflation.
- Malbec Los Amantes 2022 was recently ranked 41st globally, and tastings continued at Lagarde Winery in Mendoza on Thursday, March 12, 2026, showing ongoing industry activity.
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Argentines once drank 90 liters of wine a year. Now they're down to 15 — and 1,100 vineyards have already closed
Argentina’s once thriving wine industry is facing its worst crisis in more than 15 years, with record-low domestic consumption, dwindling exports and low-yielding crops. Against this sobering reality, hundreds of wine enthusiasts still gathered last week in Mendoza, the heart of Argentina’s wine region, to celebrate the annual National Wine Harvest Festival. Attendees watched dance performances, enjoyed live music and voted for the new queen of …
·New York, United States
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Associated Press News+10 Reposted by 10 other sources
Argentina’s wine industry withers on the vine as consumption hits a record low
Argentina’s wine industry, once a thriving business, is facing its worst crisis in more than 15 years, with record low domestic consumption and a drop in exports.
·United States
Read Full Article
In the land of Malbec less and less wine is taken.
Coverage Details
Total News Sources15
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
Factuality
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