The year 2022 was marked by high inflation, the energy crisis caused by the confictin Ukraine, and global supply chain disruptions. In such context, many markets sawsignificantincreases inwine prices which lead to a slight decrease involumes consumedworldwide. Overall value ofglobal wine exports is the highestever recorded.
Highlights
·The world vineyardsurface area is estimated to be 7.3 mha in2022,
only marginally lower compared to 2021(-0.4%). The surface area ofthe world vineyard seems to have stabilised since 2017.The currentstabilisation, however, hides heterogeneous evolutions in the mainvine growing countries.
· World wine production in 2022 is estimated at 258 mhl,marking a slight decrease of 1% compared to 2021. This is due tohigher-than-expected harvest volume in Europe, despite thedrought and heat waves during spring and summer, and averageproduction level recorded in the Southern Hemisphere.
·World wine consumption in 2022 is estimated at 232 mhl, markinga decrease of 2 mhl compared to 2021.The war in Ukraine and theassociated energy crisis, together with the global supply chaindisruptions, lead to a spike in costs in production and distribution.This resulted in significant increases in wine prices for theconsumers. In such a context, wine consumption behaviours atcountry level have been quite heterogenous across geographical
regions.
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