Despite challenges, the global wine industry continues to flourish

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 92%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Extreme weather events, global supply-chain disruptions and economic concerns led to increases in wine prices

Global wine production fell for the fourth consecutive year as the industry faced challenges from extreme weather events as well as global supply chain disruptions and economic concerns that led to increases in wine prices. A sharp increase in average export prices pushed the value of wine exports to a record high of €37.6-billion in 2022.’s press conference on the status of the vine and wine sector around the world, which was held April 20 in Dijon, France.

Beyond the major overview, the annual report is filled with stats and facts that wine geeks would love. For instance, 85 countries produced wine in 2022, with Italy, France and Spain accounting for more than half of the total production. Add in the United States, Australia, Chile, Argentina and South Africa and you’re looking at eight countries making 78 per cent of the world’s wine production.

Meanwhile, wine consumption around the world showed a 1-per-cent decline compared with 2021. The U.S. France, Italy, Germany and the U.K. are responsible for half of the world wine consumption, which is estimated at 232 mhl . With our consumption of 4.2 mhl of wine, Canada ranks in the 13th position, between South Africa and Romania .

A final figure that stood out: Roughly one out of every two bottles of wine consumed in 2022 crossed at least one border. This week’s recommendations include seven international wines that are new releases at liquor stores.Made with the loureiro grape, this estate-grown wine comes from the picturesque Aveleda estate located a half-hour drive from the city of Porto. It’s a refreshing white with apple, melon and lemon/lime notes. The slight sweetness is nicely balanced by citrusy aftertaste.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines