The wine industry in 2022; a year marked by inflation, energy crisis, the war in Ukraine, declining consumption and production, growing exports

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OIV, the International Organization of Vine and Wine, recently presented its figures for the wine industry in 2022, a year influenced by high inflation, the energy crisis caused by the war in Ukraine and disruptions in the global transport network. Because of this, many markets experienced increased wine prices, leading to a slight decrease in wine consumption worldwide. However, the total value of global wine exports is the highest ever recorded.

The grape area in the world is stable (7.3 million ha), and also in the EU (3.3 million hectares). The countries that reduced their grape surface are Moldova, Turkey (mostly table grapes), Spain (which, however, still ranks first with 955,000 ha), Argentina (due to drought and water shortages) and the United States (California has long had a surplus of grapes).

Wine production in 2022 is at 258 million hl, a decrease of almost 3 Mhl (-1%) compared to 2021. The drop was less than feared, thanks to a higher-than-expected harvest volume in Europe and the US despite drought and heat waves during the spring and summer. The southern hemisphere maintained a normal level of production.

Read more: OIV

Pau Roca, director general, OIV
Pau Roca, director general, OIV, copyright BKWine Photography

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