The increase was driven by a significant increase in Italy, France and Spain, three of the world’s leading producers, while in the region highlighted the rebound of Chile and Argentina.
The world production of wine recovered in 2018 from almost historical lows due to an improvement in the harvests compared to the previous year, although consumption stopped growing.
After falling to a floor of six decades in 2017, when harvests were affected by extreme weather in Europe, which included droughts and storms, global production increased 17% to 292.3 million hectoliters, according to the OIV .
The increase was mainly due to a significant recovery in Italy, France and Spain -three of the world’s leading producers-, which in total yielded volumes of 13% above their five-year averages.
Wine production also climbed in the Southern Hemisphere last year, jumping 22.8% in Argentina to 14.5 million hectoliters, and 35.9% in Chile, to 12.9 million hectoliters.
Regarding prospects for this year, the union noted that producers in the Southern Hemisphere have had a less favorable start in 2019 and volumes are expected to decrease in Argentina, Chile, Australia and South Africa. However, he said that as some countries are in the middle of harvesting grapes, the outlook is based on initial estimates.
World wine consumption remained stable in 2018 at 246 million hectoliters, compared to 246.7 million hectoliters in 2017.
China showed the biggest decline in demand among 20 countries with high consumption.
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