Bulk rides high as global trade in wine grows

Monday, 19 December, 2022
Harpers, Andrew Catchpole
The global trade in wine continues to grow year-on-year, with bulk comprising an ever more important slice of that market, with the value of wines shipped in bulk rising, as more premium bulk gains share.

These were some of the key takeaways from the sector-leading World Bulk Wine Exhibition (WBWE) in Amsterdam (21-22 November), where a healthy attendance of both exhibitors and buyers attested to the buoyancy of the bulk market.

During an introductory presentation, the OIV’s head of statistics, digitalisation and data management, Giorgio Delgrosso, mapped out the steady growth in international trade of wine since 2000.

In 2021 this hit an all-time high, up 4% by volume (to 112 million hectolitres) and 16% by value (to €34.4bn) compared with the pandemic hit 2020, and up 4% in volume and 8% in value compared with the ‘normal’ year of 2019.

With this trend set to continue to the end of 2022 and beyond, Delgrosso acknowledged a dip in global consumption during 2020, as the pandemic lockdowns hit, but highlighted a rise to an all-time high of 235mhl in 2021, with this “moderate trend set to continue in 2022”.

This, he added, is set against a backdrop of stable average production for the last four years, despite regional and local challenges in many territories, with production in the EU – driven by its big three of France, Spain and Italy – accounting for some 154mhl, or 60% of the world total.

To read full article, click HERE.