World wine production this year will be the lowest since 1961

Published 2023년 11월 8일

Tridge summary

The International Organization of Vine and Wine (OIV) predicts that global wine production in 2023 will be 7% lower than in 2022, making it the lowest since 1961. Adverse weather conditions, particularly in large wine-growing countries, have contributed to this decrease. European countries, such as Spain and Italy, are expected to see significant declines in production, while France is expected to remain at a similar level to 2022 and become the top wine producer. Conversely, the United States is the exception with an estimated 12% increase in production due to favorable weather conditions. These production declines are occurring alongside a decline in global wine consumption, attributed to the COVID-19 crisis, supply chain issues, inflation, and changing consumer habits.

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Original content

World wine production this year will be 7% lower than in 2022, mainly due to adverse weather conditions in many of the large wine-growing countries, and will thus be the lowest since 1961. The International Organization of Vine and Wine (OIV ) indicated this Tuesday, when publishing its projections for 2023 based on data collected in 29 countries, that this production will be between 241.7 and 246.6 million hectoliters. The head of the OIV statistical service, Giorgio Delgrosso specified that since 1950 lower figures have only been found twice: in 1961, with 214 million hectoliters, and in 1957, with 174 million. Extreme climatic conditions explain a 7% decrease in expected production in the Union. European Union, which should be around 150 million hectoliters, with significant declines in two of the three prominent leaders. Especially in Spain, where the drop of 14% (19% if compared with the average of the last five years) to 30.7 million hectoliters will make 2023 the worst year ...

Source: Agrodiario