John Barker, Director General of the Organisation, presented preliminary results of an exceptional study overviewing the Vine and Wine Sector over its century. This analysis covers data collected from 79 wine producing countries. Barker also introduced the new OIV strategic plan, which will be available in early 2025.

Giorgio Delgrosso, OIV head of the Statistic department also presented the first estimates on wine production in 2024.

Based on comprehensive data from 29 countries representing 85 percent of global production in 2023 global wine production for 2024 is estimated between 224 mhL to 235 mhL, according to the OIV World Wine Production Outlook 2024.

Lower production than in 2023

Globally, 2024 appears to be a repeat of 2023 with several weather events affecting wine production volumes around the globe, affected also by economic and market conditions. There have also been relative changes in production between countries compared to the previous year, with 2% lower production than in 2023 and a drop of 13% reduction against the ten-year average.

Also Read : OIV: World saw Wine Prices increase in 2022 with slight reduction in Consumption

Italy to regain the top Spot

Low production is expected in the EU. Italy recovered slightly from very low volume in 2023 to become the largest world producer once again, with an estimated wine production of 41.0 mhL, which is an increase of 2.7 mhL over 2023 which saw the smallest production since the historically low harvest of 2017. However, this year’s volume will still be 13% below the five-year average. Adverse weather conditions affected the majority of Italian wine regions, especially in the North where there was significant damage to the crops because of hailstorms.

France has recorded the most significant decrease in production compared to the previous year, largely due also to challenging weather conditions across the country.

Also Read : Red Wine Production falls globally as other categories gain, says OIV Report

Northern Hemisphere

The European Union presented an equally challenging landscape, with nearly all countries
experiencing below-average harvest volumes. Volumes across Europe were below average, with only Portugal and Hungary recording average or above average harvest volumes.

First forecasts from the US indicate an average production volume for 2024, slightly below 2023 levels with a mid-range projection of 231mhL.

Southern Atmosphere

In the Southern Hemisphere, wine production volumes are expected to remain low in 2024, again due mainly to climatic conditions, marking the lowest output in two decades. Key wine-producing nations experienced a significant drop with Australia, Argentina, Chile, South Africa, and Brazil recording production volumes between 4% and 21% less than their five-year averages.

Only a small group of regions like the US and Eastern European countries including Hungary, Georgia, and Moldova enjoyed more favourable climatic conditions, achieving above-average production volumes.

As with 2023, extreme/atypical meteorological events are the key influence on global production, with early frosts, heavy rainfall, and prolonged drought dramatically impacting vineyard productivity.

This underscores the wine industry’s increasing vulnerability to climate variability, highlighting the urgent need for adaptive strategies and resilient viticultural practices in the face of increasing environmental uncertainties.

At the same time, a second consecutive year of reduced production, occurring within a market context of decreasing global consumption and high inventory levels, could contribute to a market equilibrium mitigating the immediate economic impact of reduced production for some regions or producers.

Also Read : OIV: WORLD VITI-VINICULTURE STATUS 2018

European Union

In the European Union (EU), wine production for 2024 is provisionally estimated at 139 mhl (excluding juices and musts), representing a decline of 4.8 mhL, compared to 2023. This projection indicates a 3% reduction from 2023, 11% below the five-year average. This would constitute the lowest wine production level recorded since the beginning of the 21st century. At the same time, total EU production representing 60% of the global total, is consistent with the previous decade’s average.

In 2024, Italy is estimated to be the largest wine producer in the EU and the world, with an estimated wine production of 41.0 mhL, which is an increase of2.7 mhL (+7%) from 2023. This reflects a partial recovery from the notably low production in 2023, which saw the smallest production since the historically low harvest in 2017. However, the 2024 volume is still 13% below the five-year average. Adverse weather conditions affected the majority of Italian wine regions, most particularly in the North where a significant part of the vineyard was impacted by hailstorms.

France is expected to produce 36.9 mhL in 2024, marking a significant drop of 10.9 mhl (-23%) from 2023, and 16% below its five-year average. This is estimated to be the lowest production since the historically low record in 2017 (36.6 mhl). The significant decline in French wine production for 2024 is again attributable to adverse weather conditions across the country from flowering to harvest, impacting all wine regions, with issues like continuous rain, disease outbreaks, poor flowering, droughts and hailstorms reducing yields.

Also Read : OIV: Lowest Global Wine Production in 2017 since 1961

Spain maintains its position as the third-largest wine producer in the EU, with an estimated vinified production volume of 33.6 mhL in 2024. This figure represents an increase of 5.2 mhL (+18%) relative to 2023, though 4% below the last five-year average. wine production in 2024 due to droughts and spring frosts.

Wine production in Georgia in 2024 is anticipated to reach 2.4 mhL, marking a 27% increase from 2023 and 20% above its five-year average, representing the highest production level since the start of the century. This growth is attributed to favourable weather conditions across all key wine regions.

Moldova’s 2024 forecast stands at 1.5 mhl, reflecting a 16% decrease from the highly productive year of 2023, yet remaining 6% above its five-year average.

Source: OIV.int

Subhash Arora