Global wine output to hit lowest level since 1961

Published 2024년 12월 3일

Tridge summary

The International Organization of Vine and Wine (OIV) has forecasted that global wine production will drop to its lowest level since 1961, with estimates ranging from 227 to 235 million hectoliters. This would mark a 2% decrease from 2023 and a significant 13% drop compared to the average of the past decade. The decline is primarily due to climatic challenges, including extreme weather events like early frosts, heavy rainfall, and droughts, especially in Europe, which is seeing an 11% reduction in production. France is expected to experience a 23% drop, while Italy has recovered to become the top producer. Southern hemisphere countries, contributing about 20% to the world's wine output, are experiencing their lowest production levels in two decades. Additionally, wine consumption has decreased by 3.9% in the first half of the year, with overall wine drinking down 20% since 2019.

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

Original content

PARIS, France - Global wine production is set to fall again this year to its lowest level since 1961 due to climate change, the International Organization of Vine and Wine (OIV) said Friday. Output is estimated to reach between 227 million and 235 million hectoliters in 29 countries accounting for 85 percent of global production, according to the intergovernmental organization. If production reaches the midpoint of 231 million hectolitres, it would be down two percent from 2023 and a drop of 13 percent compared to the average of the 10 previous years. "Climatic challenges across both hemispheres are once again major contributors to the reduced global production volume," OIV said in a report. "The preliminary estimates reveal a complex landscape of climatic disruptions across EU wine regions due to climate change," it said. "As with 2023, extreme or atypical meteorological events are the key influence on global production, with early frosts, heavy rainfall, and prolonged drought ...

Source: Gmanetwork