Outlook

Production volume in the European Union is expected to low, the OIV said. Italy and Spain record a significant decrease with respect to 2022 due to unfavorable weather conditions that led to downy mildew and droughts. France becomes the largest world producer in 2023, with a volume slightly above its

More parties and larger gatherings are expected this summer, according to Drizly’s 2023 Consumer Report. Nearly half of survey participants said they planned to host the same number of gatherings in 2023 compared to the previous year, and 22% said they expect to host even more parties. When asked

Rising costs and supply chain disruptions top the list of threats and challenges for the wine industry.  However, the degree to which the industry is affected has clearly increased, a new survey commissioned by ProWein finds. In addition, the economic slowdown threatens to reduce  wine sales. The global economic upturn

The global economy will be the fine wine market’s biggest challenge in 2023, members of Liv-Ex said in a survey. 30% noted that a global economic downturn and regional recessions would impact the market, and 20% said currency volatility is a concern. More than 625 members, ranging from startups