US EditionWine consumption falls heavily into the red
- Worldwide wine consumption reached its lowest level in over 60 years in 2024, totaling 214.2 million hectolitres, as reported by the International Organisation of Vine and Wine .
- Wine production also dropped by 4.8 percent in 2024, totaling 225.8 million hectolitres, according to OIV's report based on government figures.
- Consumers are now paying about 30 percent more for a bottle of wine than they did in 2019-2020, with an overall consumption decrease of 12 percent since then.
- Delgrosso warned that US tariffs, ordered by President Donald Trump and temporarily suspended, could pose further risks to the wine industry.
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Wine consumption plunges globally
Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said. The International Organization of Vine and Wine said that 2024 sales fell 3.3 percent from the previous year to 214.2 million hectoliters. The OIV, whose report was based on government...
Over 60-year low: Wine consumption falls heavily into the red
PARIS, France — Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs. The International Organization of Vine and Wine (OIV) said that 2024 sales fell 3.3 percent from the previous year to 214.2 million
·Manila, Philippines
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