Evolution of the wine sector in Castilla y Leon in the period 2010-2020 from an economic-financial perspective

ABSTRACT

The wine sector has become increasingly important in recent decades, both in Spain and particularly in Castilla y Leon. Not only because of the quantity and quality of its production, but also because of its international projection, as well as its repercussions in areas such as culture, tourism and the environment. The aim of this paper is to analyse the evolution of the sector in Castilla y Leon in the period 2010-2020, adopting an economic-financial perspective. To this end, after a strategic analysis of the sector, the financial position of a sample of 29 companies in Castilla y Leon is studied in terms of liquidity, solvency and profitability, among others. The analysis allows us to conclude that wine companies have experienced sustained growth over the last decade accompanied by a decrease in financial risk, which places them in an ideal position for the future. Finally, the sector is satisfactorily overcoming the COVID-19 crisis.