22-5-2018
|
Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions faced by wine producing countries in the European Union, according to the Paris-based International Organisation of Vine and Wine (OIV). In the latest Global State of Conditions report released recently, the OIV said wine production totaled 250 million hectoliters (mhl) in 2017, down 8.6 percent from 2016. All top wine producers in the EU were hit by harsh weather last year, which led to an overall fall in the bloc of 14.6 percent to 141 mhl. In contrast, production remained nearly stable in the United States, the world’s fourth largest producer, and China, which has become the world’s seventh largest wine producer. Italy confirmed its position as the leading world producer, followed by France, Spain, United States, Australia and Argentina. China came 7th with total production of 10 mhl. Global wine consumption edged higher at around 243 mhl in 2017, up 1.8 percent from a year earlier. Chinese wine consumption rose significantly for a third year in a row with an increase in of 3.5 percent at 17.9 mhl. The United States confirmed its position as largest wine consumer with 32.6 mhl, followed by France, Italy, Germany and China at 5th position. On the export market, Spain remains the largest exporting country by volume with a global market share of 20.5 percent, while France keeps its leading position in value with 9 billion Euros of wine exported last year. In total, global exports totaled 107.9 mhl in 2017, up 3.4 percent on the previous year, and 30 billion Euros in value, an increase of 4.8 percent on 2016. |