|WINE EXECUTIVE NEWS |Global wine volume drops to 60-year low. Here is the full OIV PowerPoint Presentation | April 24, 2018
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From editor & publisher, Lewis Perdue
April 24, 2018
Global wine volume drops to 60-year low.
Full OIV PowerPoint for premium subscribers
Today, the Director General of the OIV, Jean-Marie Aurand, presented information on the potential wine production, assessment of the harvest, and state of the market and international trade in 2017 at the Organisation's headquarters in Paris on 24 April.
- With 7.6 mha in 2017, the size of the global area under vines appears to have stabilised.
- Wine production was at 250 mhl in 2017. This was a historically low production year, with a decline of 8.6% compared with the previous year, explained in particular by unfavourable climate conditions within the EU (-14.6% compared with 2016).
- A total of 243 mhl of wines were consumed in 2017. Consumption had almost stabilised following the 2008 economic crisis, with a positive trend over the past 3 years.
- World wine trade: there was a very positive balance, both in terms of volume (108 mhl, +3.4% compared with 2016) and value (30bn EUR, +4.8% compared with 2016).
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