OIV REPORT: CHINA WINE MARKET STALLING IN EVERY WAY
By Susan Lewis
China recorded the largest fall in wine consumption among the world’s top 20 biggest wine consumers in 2018, with a 6.6 percent decline to 18 million hectoliter (mhl), according to the International Organisation of Vine and Wine (OIV).
The organisation’s data also shows that China produced 9.3mhl of wine in 2018, a decrease of 2.3mhl from previous year, representing a sharp 20 percent decline.
The expansion in vineyard area in China also stalled after more than 10 years of fast growth, China’s area under vine reached 875kha in 2018, compared to 870kha in 2017.
While the China market entered into a reverse mode, total world consumption struggled to show fast growth as well. OIV said worldwide consumption was stable in 2018 at 246 mhl, compared with 246.7 mhl in 2017.
Global wine production, however, had a stellar year in 2018 after hitting a 60-year low in 2017 due to extreme weather conditions including drought and storm.
World total wine production rose 17 percent last year to 292.3 mhl, mainly driven by steep rises in Italy, France and Spain - three of the world’s major producers - which all recorded output of at least 13 percent above their five-year average.
Italy confirmed its position as the world’s largest producer with 54.8 mhl, followed by France with 49.1 mhl, and Spain which produced 44.4 mhl.
The global wine trade rose sightly by volume to 108 mhl, mainly contributed by a rise in export volumes from new world producing countries. Some USD35.25 billion worth of wine was traded last year, a 1.2 percent increase from 2017.
France was still the main exporter by value, with wine shipments totaling €9.3b (USD10.5b) in 2018, up 2.8 percent on the previous year.
(the writer can be contacted at: SusanLewis@thewinechronicle.com)
**IF YOU THINK THE WINE CHRONICLE IS WORTH SUPPORTING, PLEASE MAKE A DONATION TO HELP US IMPROVE AND CONTINUE OUR WORK**
TRENDING│ FOCUS│ SERVICES│ ABOUT US│ CONTACT