Overview

• 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.