Community wine production in the EU will fall in line with the decline in consumption

Published 2023년 12월 20일

Tridge summary

The European Commission's market outlook report predicts a 1% annual decline in wine consumption and a 0.6% annual decrease in wine production in the EU until 2035. This is due to a reduction in vineyard area, lower yields, adverse weather, and restrictions on phytosanitary products and irrigation. Additionally, while wine exports have reached record levels, the growth rate of EU wine exports is expected to be limited, with only a 0.3% annual growth rate predicted until 2035.

Overall, the EU wine industry faces challenges in both production and export growth in the coming years, with declining consumption and production offsetting limited export growth, particularly in traditional European markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wine consumption in the EU will continue to decline between now and 2035 at a rate of 1% per year and there will also be a drop in community wine production, according to the medium-term market outlook report published by the European Commission. The decrease in production could be 0.6% annually until that year, which would reach 145 million hectoliters in 2035. The downward evolution in wine production would be due both to a decrease in the surface dedicated to the vineyard and a reduction in yields, which will be affected not only by adverse weather phenomena (to which the sector has been trying to adapt for years) but also by the lower availability of phytosanitary products and irrigation restrictions in some countries producers. The report refers, on the other hand, to the possible evolution of Community wine exports. It notes that these have reached record levels in recent years, but that some traditional European wine ...

Source: Agropopular