Global wine production fell 10% in 2023 due to extreme weather

Published 2024년 4월 29일

Tridge summary

In 2023, global wine production saw a significant decrease of 10% to 237.3 million hectoliters, marking the lowest production since 1961, primarily due to extreme weather conditions. This decline was further compounded by a 5% drop in the southern hemisphere's harvest. Despite the challenges, France emerged as the largest producer, followed by Italy and Spain, accounting for nearly half of the world's production. Meanwhile, global demand for wine also declined by 2.6% to 221 million hectoliters, attributed to increased inflation and a downturn in consumption, with red wine consumption expected to decline further in 2024. The vineyard area continued to shrink, with Spain having the largest vineyard area. International wine trade also faced a setback, with exports falling by 6.3% in volume and 4.7% in value. However, the average price of wine sold internationally increased by 2% to 3.62 euros per liter.

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

Original content

Global wine production fell by 10% in 2023 to 237.3 million hectoliters, the lowest figure since 1961, due to extreme weather conditions, with droughts, torrential rains and frosts in large regions. And the progress of the harvest in the first months of this year in the southern hemisphere also points to a decrease of approximately 5% compared to last year, according to data presented this Thursday by the International Organization of Vine and Wine (OIV ). Predicted falls are expected in Chile (-10%, 9.9 million Hl) and Brazil (-5% (3.4 million), although with increases in Argentina (27%, 11.2 million), Australia (21% , 11.7 million) and South Africa (1%, 9.4 million Hl). France was the largest world producer in 2023, with 48 million Hl and a rise of 4%, followed by Italy (38.3 million, -23%) and Spain (28.3 million, and a fall of 21%). . These countries account for almost half of world production, highlighted the Secretary General of the OIV, New Zealander John Barker, when ...

Source: Portaldelcampo