OIV WINE DATA: WORLD PRODUCTION DROPPED 11% & CHINA 10% , PRICES TO FALL ON COVID-19
By Siulan Law Mathews DipWSET
Source: International Organisation of Vine and Wine
World wine production dropped 11% to 260 million hectolitres (mhl) in 2019, while China’s wine production dropped 10% to 8.3 mhl, according to the latest data released by International Organisation of Vine and Wine (OIV).
This is the second year in a row to see China producing less wine, production level in 2018 was 9.3 mhl, a sharp decline of 20% compared to 2017.
Globally, the OIV said world wine production dropped 11% to 260 mhl in 2019 after a year of stellar production in 2018 at 292 mhl.
It said world wine consumption in 2019 was an estimate of 244 mhl, almost flat-line when compared to the 246 mhl in 2018.
On the impact of COVID-19 pandemic on global wine trade, the OIV said: “The feedback given by the Member States reflects a radical change or transfer between distribution channels. The expected overall balance is a decrease in consumption, a reduction in average prices, and therefore an overall decrease in total sales value, turnover, margins and finally profits of the wineries.”
“As far as exports are concerned, economies in recession are not a promising market to develop, and during this pandemic, the largest consuming countries have been the most affected. Trade flows may recover along with the economy, but some permanent changes could occur,” it added.
In 2019, China’s wine imports also continued to decline, OIV’s data showed that China’s imported wine volume dropped 11% to 6.1mhl and 9.7% by value to €2.1 billion (USD2.3) compared to 2018.
The OIV also said that after over 10 years of significant expansion, the growth of China’s vineyard area is stalling.
Vineyard area in China in 2019 was 855k hectares, a slight decrease from 875kha in 2018, but still in second place in the world just behind Spain.
The OIV is a Paris-based intergovernmental organisation with 47 member states focusing on the scientific and technical aspects of vine-based products.
(the writer can be contacted at: email@example.com)
ALL RIGHTS RESERVED
**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