The wine sector recovered a bit globally last year, reaching a record high in volume and value, Pau Roca, director-general of the International Organization of Vine & Wine, said. But supply chain disruptions, Covid variations, the Ukraine War and energy costs make this year much dicier, he added.
Wine production last year fell about 1% to 260 million hectoliters, but consumption increased 2 million hectoliters, a 0.7% increase from 2020. World wine exports increased 4% to 111.6 million hectoliters, the largest export volume in history and jumped 16% in value to 3.4 billion EUR.
Turning to the outlook for this year, Roca noted that the challenge for 2022 is to see how the wine sector will cope with reconsidering global supply chains and higher energy prices will put inflationary pressure on consumers.