INSUBCONTINENT EXCLUSIVE:
The International Organisation of Vine and Wine (OIV) projects global wine output between 227 and 235 million hectoliters
This marks a 2% decrease from 2023 and a 13% drop from the ten-year average.Climate change emerges as the primary culprit behind this
Extreme weather events have battered vineyards across both hemispheres
Italy reclaims its top producer status with 41 million hectoliters, while France experiences a sharp 23% decline.In the Southern Hemisphere,
Chile faces a 15% reduction compared to 2023
A late harvest, caused by an unusually cold spring and drought, contributes to this decline
Brazil also anticipates lower production at 2.7 million hectoliters.Argentina stands out as a rare bright spot
The country expects a 23% increase in production, reaching 10.9 million hectoliters
However, this figure still falls 4% below its five-year average.Global Wine Output Hits 63-Year Low in 2024
(Photo Internet reproduction)OIV Director John Barker highlights the growing volatility in the sector
He emphasizes the cumulative impacts of climate change on wine production
Consumption patterns are shifting, with global wine intake dropping 3.9% in volume during the first half of 2024
This represents a 20.1% decrease compared to the same period in 2019.Global Wine Output Hits 63-Year Low in 2024As the industry grapples
with these challenges, it must adapt to changing production methods, market structures, and consumer behaviors
It must navigate climate uncertainties while meeting evolving consumer demands
