Saturday, May 25, 2019
Home Business Record wine production in the world in 2018, but consumption stagnates

Record wine production in the world in 2018, but consumption stagnates

Wine tasting session (illustration image). – GEORGES GOBET / AFP

World wine production broke records in 2018, reaching last year 292.3 million hectoliters, its highest level in 15 years. Opposite, consumers have seemed to be slowing, which should bring down prices, predicted Thursday the International Organization of Vine and Wine (OIV).

Last year, thanks to the return of a more lenient weather in Europe, where are the three main world producers of wine (Spain, France, Italy), the planet produced 292.3 million hectoliters (Mhl) of wine against 297.8 million in 2004. "This is the largest increase in fifteen years," said Friday Pau Roca, the new secretary general of the OIV, at a press conference in Paris.

China and the United Kingdom drink less

After the historically low grape harvest of 2017, due to the spring frost that had devastated European vineyards, the production increases are spectacular: Spain (+ 36.7%), France (+ 34.8%), Italy (+28 , 9%), Germany (+ 30.7%), and even + 40.4% of production on Swiss wines.

Yet last year, world wine consumption, which had been growing since 2014, "seemed to be pausing (…). A stoppage due "mainly to a decline in consumption in China and the United Kingdom," said the OIV in its statement.

Falling prices for the coming year

In the United Kingdom, British wine lovers drank only 12.3 Mhl in 2018, a decrease of 3.1% from 2017. In China, where growth has slowed down, consumption in 2018 "Would fall by 6.6% compared to 2017, and would reach 18 million hectoliters," says the OIV.

Pau Roca pointed to a trend towards "universalization" of wine consumption worldwide, even though five countries (USA, France, Italy, Germany and China) drink more than half of the wine produced in their own right. the world. The United States remained last year the first consumer country with 33 Mhl, ahead of France (26.8 Mhl). This drop in consumption could lead to a "natural adjustment" in prices, according to the OIV.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Several injured in explosion in downtown Lyon

At least 13 people were injured in an explosion in the French city of Lyon on Friday night, police said. The Paris prosecutor announced...

Opel Corsa-e: Lightning Strike | STERN.de

What did not Opel with his Ampera-e caused a stir. Lush range, stylish design and high everyday utility - on such an electric car...

Lionel Messi reveals who is to blame for the collapse of the Liverpool Champions League | Football | Sports

Valverde may be out of action, though he can keep the La Liga title and reach the final of the Copa del Rey.Despite continued...

Boeing 737 Max's return to the air is delayed by reviewing the 737 NG pilot

The return of the Boeing 737 Max to commercial air service is reported to be further delayed by the Federal...