The European Union is the world’s leading producer of wine. Between 2013 and 2017, the average annual production was 168 million hectolitres. In 2017, it accounted for 44.3% of wine-growing areas, 56% of production, 54% of global consumption and 74.7% of exports in global terms.
Last month, the European Commission’s DG Agriculture – wine statistics reported that declarations on 2017 wine production received added up to a volume of 133m hectolitres (15% below the 5-year average), confirming previous extreme low forecast figures. The current situation with high price levels (Basic red wines in Italy +75% compared to 2017) despite the existence of important stocks remains, says the EC, difficult to analyse, taken in account geopolitical instability on main export markets and shrinking local consumption.
Italy remained the leader in Europe in terms of volume, despite the major reduction across the continent, with 42,499,000 HL (-17% over 2016), ahead of France with 35,924,000 HL (-21%) and Spain on 34,902,000 HL (-20%). The biggest gain in volume was for Romania, which had a 31% hike in production, taking volumes to 4,346,000 HL. Germany for its part took a hit of -17%, producing 7,462,000 HL of wines.
The United States continues to be the biggest market for European wines, with China overtaking Russia three years ago to move into second position in volume sales. In fourth position was Canada, followed by Switzerland and Japan.
The biggest wine exporter to Europe is Australia, closely followed by South Africa and Chile. The United States is fourth, followed by New Zealand and Argentina.
Trade Figures: 2017 Exports from Europe reached 24.9m Hectolitres (+11% vs 2016), while imports remained stable. Trade Balance increased from €7.5bn to €8.7bn (+16%).