The International Organisation of Vine and Wine (OIV) has reported that the global wine industry’s production and consumption decline by seven percent in 2023.
“Once again, extreme climatic conditions – such as early frost, heavy rainfall, and drought have significantly impacted the output of the world vineyard,” said the OIV Head of the Statistical Department and the Digital Transformation, Giorgio Delgrosso.
The OIV, in its latest estimates of 2023 world wine prproduction, said that based on the information collected on twenty-nine countries, which account for 94% of the global production in 2022, world wine production (excluding juices and musts) in 2023 is estimated between 241.7 mhl and 246.6 mhl, with a mid-range estimate at 244.1 mhl .
This represents a decrease of 7% compared to the already below-average volume of 2022.
This would be the smallest production since 1961 (214 mhl), even lower than the historically small production volume of 2017 (248 mhl).
This negative scenario can be attributed to significant declines in major wine-producing countries in both Hemispheres.
While in the Southern Hemisphere, Australia, Argentina, Chile, South Africa, and Brazil recorded year-over-year variations between -10% and -30%, in the Northern Hemisphere, Italy, Spain and Greece are the countries that suffered the most from bad climatic conditions during the growing season.
Only the USA and a few EU countries like Germany, Portugal and Romania, experienced favourable climatic conditions that resulted in average or above-average volumes.
This would be the smallest production since 1961 (214 mhl), even lower than the historically small production volume of 2017 (248 mhl).
This negative scenario can be attributed to significant declines in major wine-producing countries in both Hemispheres.
While in the Southern Hemisphere, Australia, Argentina, Chile, South Africa, and Brazil recorded year-over-year variations between -10% and -30%, in the Northern Hemisphere, Italy, Spain and Greece are the countries that suffered the most from bad climatic conditions during the growing season.