No, industry experts predict global revenue for wine to increase by $79.9 billion (23.94%) through 2027. Projections for 2027 estimate revenue to reach $412.9 billion.

Experts project shifting consumer preferences towards organic or sustainable wines, the rich diversity of wine-producing regions, and the increasing popularity of wine tourism to drive market growth in the wine industry. 

The historic reform of alcohol duties in the UK signifies a shift towards simplifying and modernizing the current system. This means that wine importers will face reduced administrative burdens, allowing them to focus on growing their businesses and meeting consumer demand.

Some proactive steps wine importers can take to adapt to the changes and ensure compliance include staying updated on the latest regulations and requirements, maintaining accurate records of imports and sales, and working closely with logistics partners, like Hillebrand Gori, to streamline processes.