Global wine output reaches near record high of 2004
World wine production reached a near record high in 2018 in a clear departure from the historically low production of the previous year, but consumption stabilised, according to the International Organisation of Vine and Wine (OIV).
Global wine output last year rose 17% to 292.3 million hectoliters (mhl) - close to the exceptionally high level of 2004, driven by Italy, France and Spain with all three countries recording output at least 13% above their five-year averages, said the OIV.
Italy confirmed its position as the world’s largest producer with 54.8mhl, followed by France with 49.1mhl and Spain, which produced 44.4mhl.
In the US, wine production in 2018 increased by more than 0.5mhl compared with 2017, with production in Argentina growing 2.7mhl to reach 14.5mhl.
Chile recorded a 3.4mhl increase to reach 12.9mhl while in contrast Brazil saw its production fall to 3.1mhl in 2018.
Also declining, South African produced 9.5mhl in 2018 - a 1.4mhl decrease compared with 2017 due to the impact of the drought.
Australian production remained stable, with 12.9mhl vinified. New Zealand produced 3.0mhl, an increase of 0.2mhl since 2017.
In terms of global consumption, 246mhl was consumed in 2018 compared with 246.7mhl in 2017, the OIV estimated, adding estimates were tentative due to limited data.
The slight decrease could be down to the decline in production in 2017 when output hit a 60-year low due to extreme weather in Europe, including drought and storms.
Britain recorded a 3.1% drop in consumption to 12.3mhl, while mainland China recorded the biggest decrease in consumption among the world’s top 20 largest wine consumers, down 6.6% to 18mhl.
Global trade in 2018 increased slightly in terms of volume, with 108mhl traded; it also rose by 1.2% in terms of value, reaching €31.3 billion.
Wine exports in 2018 continued to be largely dominated by Spain, Italy and France, which together accounted for more than 50% of the global market by volume, equating to 54.8mhl.
Spain continued to be the biggest exporter by volume with 20.9mhl, representing 19.4% of the global market. France was the biggest world exporter by value, with €9.3 billion exported in 2018.
Bottled wines made up 70% of the total value of wines exported in 2018. By value, sparkling wines accounted for 20% of the global market, despite representing just 9% of the total volume exported.
Bulk wine exports fell 5% in volume during the year, but recorded 3.8% value growth.
The OIV the total world area under vines at 7.4mha, which is almost equivalent to that of 2017.
Keywords:
Search
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
