In the EU, experts expect a production volume that is eight percent below the five-year average. What does it look like in Germany?
Global wine production could fall to its lowest level in 60 years this year, according to an industry estimate. As the International Organization of Vine and Wine (OIV) announced on Tuesday in Dijon, a production volume in the EU is expected to be eight percent below the five-year average.
In Germany, the fourth largest European producing country, experts expect a slight increase. Italy and Spain recorded a significant decline compared to 2022 due to unfavorable weather conditions that led to mildew and drought. France will become the world’s largest producer in 2023, with volumes slightly above its five-year average.
Once again, extreme weather conditions such as early frost, heavy rainfall and drought had a significant impact on wine production, the OIV said. However, against the background of falling global wine consumption and high inventories in many parts of the world, the expected low production could restore balance on the global market. According to average estimates, worldwide wine production is expected to be more than 244 million hectoliters. This would be seven percent below the already below-average volume of 2022.
For the USA, initial harvest forecasts indicate a production volume that will not only be above the 2022 level, but also above the average of recent years, the association explained. However, in countries such as Australia, Argentina, Chile, South Africa and Brazil, wine production is expected to be weaker than in 2022 due to unfavorable weather conditions.
Source: Stern
