The grape depression: Wine output has fallen to a 60-year low

The grape depression: Wine output has fallen to a 60-year low

In the United States and China, wine production remained stable, while in Latin America, Argentina produced 25 percent more and Chile went back by six percent. The continent accounts for 65% of global wine production, and 57% of consumption.

That's a 8.6% decline from 2016, according to the International Organisation of Vine and Wine. That was its lowest level since 1957.

Meanwhile, South African production levels reached 10.8 mhl - a 2.6% increase compared with 2016.

This shortage has caused wholesale prices of basic wine to skyrocket. However, the three nations continued leaders worldwide: Italy, with 42.5 million hectolitres, France with 36.7 million and Spain with 32.1 million. According to the OIV's latest figures, Italy is still the world's leading wine producer but it's not the only country hit.


But in more positive news, in a sign that wine lovers may have finally put the global financial crisis behind them, global consumption stabilised in 2017 at 243 million hl.

Although, one wine expert thinks cheap wine will see a change in quality along with the price hike. 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 European Union (-14.6% compared with 2016).

With 32.6 mhl wine consumed in 2017, the United States confirmed its position as the biggest global consumer country (since 2011), followed by France (27 mhl), Italy (22.6 mhl), Germany (20.2 mhl) and China (17.9 mhl).

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