US EditionWine consumption falls heavily into the red
- Worldwide wine consumption reached its lowest level in over 60 years in 2024, totaling 214.2 million hectolitres, as reported by the International Organisation of Vine and Wine .
- Wine production also dropped by 4.8 percent in 2024, totaling 225.8 million hectolitres, according to OIV's report based on government figures.
- Consumers are now paying about 30 percent more for a bottle of wine than they did in 2019-2020, with an overall consumption decrease of 12 percent since then.
- Delgrosso warned that US tariffs, ordered by President Donald Trump and temporarily suspended, could pose further risks to the wine industry.
115 Articles
115 Articles
Wine production and consumption have fallen to the lowest level in the world for decades last year, as the International Organization for Vine and Wine reported on Tuesday.
Wine consumption plunges globally
Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said. The International Organization of Vine and Wine said that 2024 sales fell 3.3 percent from the previous year to 214.2 million hectoliters. The OIV, whose report was based on government...
La Vanguardia
The wine sector lived in 2024 one of its lowest hours. While the world consumption of this product stood at 2024 at its lowest level since 1961, its production in Europe — the most wine region — fell by 5% compared to 2023; and, globally, it has done so by 8%. Continue reading...
ledauphine.com
In its annual report published on Tuesday, the International Wine Organization (IVO) estimates a 3.3% drop in wine purchases compared to 2023.
US tariffs have brought global wine consumption to a 60-year low.
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
