It’s been a tumultuous year for the wine industry, and according to new data, a large portion of the globe is feeling its effects. A Tuesday report from the International Organisation of Vine and Wine showed that this year’s global wine production rates are forecasted to be the lowest they’ve been since 1961.
Based on information from 29 countries, which accounted for 94 percent of world wine production in 2022, this year’s output is expected to fall between 241.7 and 246.6 million hectoliters (mhl). Overall, this indicates a decrease of seven percent to last year’s volume. Extreme climatic conditions such as early frosts, excessive rainfall, and drought are largely to blame for the dwindling harvest and production rates. The countries and regions most affected this year are predominantly in the southern hemisphere, including Australia, Argentina, Chile, South Africa, and Brazil — all of which show year-over-year dips between 10 and 30 percent.
