Global Wine Production Plummets to Six-Decade Low

The global wine industry is projected to experience its lowest production levels since 1961, with estimates from the International Organisation of Vine and Wine (OIV) indicating a drop to between 227 million and 235 million hectolitres in 2024. This represents a 2% decrease from 2023 and a significant 13% drop compared to the average of the last decade, largely attributed to climate change and extreme weather events, including early frosts and prolonged droughts. Major European producers like France are expected to see a staggering 23% decline in production, while Italy may surpass France as the top producer due to a slight recovery. The United States and some Eastern European countries, such as Hungary and Moldova, are exceptions, experiencing more favorable conditions that allowed for average or above-average yields. The OIV's report highlights the ongoing challenges posed by climate change to vineyard productivity across key wine regions worldwide.