Wine remains our favourite tipple (in terms of consumption volumes) and the good news is that there is no shortage in sight, in fact wine output globally saw a year-on-year surge of 17 per cent in 2018, reaching the highest level in 15 years.
A report by the International Organization for Vine and Wine (OIV), a Paris based agency, 39 billion bottles of wine were produced in 2018. This is due to higher than expected outputs in Spain, France and Italy.
Italy is the world’s largest winemaker with 2018’s production surging 29 per cent as compared to 2017.
In terms of demand, the USA is the biggest consumer, consuming a record volume of wine totalling 33 million hectolitres followed by France, consuming 26.8 million hectolitres.