The OIV presented its findings on Friday last week. Image courtesy Baptiste Paquot, OIV
The International Organisation of Vine and Wine (OIV) has released the first estimates of global wine production for 2024. On its 100th anniversary, the International Organisation of Vine and Wine (OIV) presented a retrospective analysis of global vine and wine trends over its century and revealed the first 2024 estimates, which were presented by Giorgio Delgrosso, OIV head of the statistic department.
“Based on comprehensive data from 29 countries representing 85% of global production in 2023, world wine production for 2024 is estimated between 227 mhl and 235 mhl, with a mid-range projection of 231 mhl,” said the OIV’s report.
“This forecast signals a 2% decline from the already low 2023 volume, and a drop of 13% reduction against the ten-year average. This positions 2024 production as potentially the smallest global output since 1961 (220 mhl).”
“In 2024, world wine production is expected to decline further from the low volume of last year,” said the report. “Climatic challenges across both hemispheres are once again major contributors to the reduced global production volume.”
“Globally, 2024 appears to be a re-run of 2023 with a range of weather events affecting wine production volumes around the globe, exacerbated by economic and market circumstances,” continued the report.
“There have been relative changes in production between countries compared to the previous year, but the net result is a total production 2% lower than 2023.”
Italy returned has to its title as the largest producer of wine in the world, following its extremely low volumes in 2023. Portugal and Hungary were among the only wine producing regions in Europe to record harvest volumes consistent with or above their average vintage volumes.
“France, the leading producer in 2023, experienced the largest fall in production, with its low output substantially influencing the worldwide wine supply.”
Noting Australia’s “inventory pressures”, the report also cited high rainfall as a stressor on the nation’s wine production.
“Australia’s wine production is estimated at 10.2 mhl in 2024, representing a slight 5% increase from 2023 but remaining 16% below the five-year average.
New Zealand’s wine production is estimated at 2.8 mhl, which would be 13% below the five-year average, and a 21% drop from the previous year. Substantial frost damage in Marlborough during the flowering period is expected to reduce New Zealand’s harvest volume.
The report cited the climate change as one of the most significant stressors to global wine production.
“Vineyards experienced a diverse array of environmental stressors, ranging from severe drought induced hydric stress in some areas to unprecedented heavy rainfall and destructive storms in others. These extreme weather events precipitated increased disease pressure, substantial vineyard damage, and difficult grape cultivation conditions.”
“Nevertheless, many regions report good quality outcomes due to careful vineyard management practices.”
The full World Wine Production Outlook containing the OIV’s first estimates can be viewed here.
