New Zealand now 16th largest global wine producer
According to the International Organisation of Vine and Wine (OIV), New Zealand has slipped from 14th to 16th largest wine producing country in 2017 after being overtaken by Hungary and Brazil.In 2018 wine production rose in Italy by 14%, France by 27% and Spain by 26%.
Italy has been the largest wine producer since 2015 when it overtook France, now in second place. Spain is in third place, while Australia maintains its fifth position.
|Country||2017 mhl||Change from 2016|
(MHL = millions of hectolitres)
Global wine production is expected to jump 12% in 2018 because production has recovered from losses caused by bad weather in the previous year, at least for the larger producers. Portugal and Greece are the only countries to make less wine in 2018 than in 2017. New Zealand increased wine output in 2018 by 5%.
In 2018 wine production rose in Italy by 14%, France by 27% and Spain by 26%. The price of bulk wines in Europe has already fallen significantly as a result of the increase.
To read the full OIV report, click here.