Global Wine Industry Faces Historic Decline in Production and Consumption

The world wine market experienced its lowest production and consumption levels in over six decades during 2023, significantly impacted by extreme climate conditions.

• World wine production fell by 10% in 2023, the most significant decline since 1961, primarily due to extreme weather events such as droughts and wildfires.
• Global wine consumption also decreased by about 2%, marking a continued downward trend in demand.
• France reclaimed its position as the world's top wine producer, despite overall declining global production figures.
• The U.S. remains the largest wine consumer by volume, while per capita consumption is highest in Portugal.
• The International Organization of Vine and Wine (OIV) highlighted sustainability efforts and innovations as critical for the industry's future amidst ongoing challenges.

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