USA overtakes Germany as the world's largest wine importer
As the largest import market in the world, the USA has overtaken Germany. While the USA increased by 3% to 14.4 million hl, Germany imported 9% less at 13.4 million hl. With a decline of 4%, Germany is one of the few markets that also spent less on its wine imports (€2.7 billion). In value, the USA (€7 billion, +17%) and the UK (€4.8 billion, +22%) are ahead of Germany.
In a first forecast for 2023, the OIV expects a significant decline in wine production in the southern hemisphere. According to this, Argentina and New Zealand will lose a fifth of the previous year's volume, Brazil almost 30%, and Australia is also expected to lose 13.1%. Losses are more moderate in South Africa, where the harvest is expected to be only slightly below average, with a drop of 6%. Only Chile could record a small increase of 1.3%. Overall, this would mean a drop of 6.1 million hl for the southern hemisphere compared to 2021.
Overall, Germany remains the fourth largest wine consuming market in the world with 19.4 million hl behind the USA (34 million hl), France (25,3 million hl) and Italy (23 million hl).
Chinese wine market continues to decline
The Chinese wine market showed a clear decline, falling by 16% to 8.8 million hl. OIV Director General Pau Roca emphasized that the Chinese market has been declining steadily for years and is weighing on global consumption. In 2018, 18.8 million hl were still sold in China. Analogously, Chinese wine production also gave way from 9.3 million hl in 2018 to 4.2 mill. hl in 2022.