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60-year low in wine production

Catherine by Catherine
09/11/2023
in famous wine news
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Wine production in 2023 is at a six-decade low following extreme weather conditions, according to the latest figures from the International Organization of Vine and Wine (OIV).

Speaking at a web conference on November 7, the OIV’s head of statistics, Giorgio Delgrosso, revealed that production was 7% lower than in 2022, making it the smallest year for wine production since 1961.

Combining data from 29 countries – which accounted for 94% of the world’s wine production in 2022 – it was found that production has dropped significantly, particularly in the southern hemisphere, with Australia, Argentina, Chile, South Africa and Brazil all affected by weather conditions such as frost and heavy rainfall.

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Overall, 2023 production is estimated to be between 241.7 mhl and 246.6 mhl, which is even lower than 2017, when production was notably low at 248 mhl.

However, a handful of countries in the northern hemisphere, including the US, Germany, Portugal and Romania, reported average or above-average volumes following more favorable weather conditions.

The OIV also cautioned that the figures should be considered estimates as data from certain countries, such as China, is not yet available.

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Catherine

Catherine

I am Catherine Haggui, a distinguished Luxury Goods Specialist with over a decade of experience. As Director of Luxury Retail Strategies at a leading firm, I've cultivated a reputation for curating exclusive collections, elevating brand positioning, and exceeding sales targets. Renowned for my discerning taste and global market insights, I blend artistry and commerce to redefine luxury experiences. My work involves strategic partnerships, trend forecasting, and ensuring clients receive unparalleled access to the epitome of opulence.

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