Wine Industry Data: 2023 Europe Wine Consumption

In 2023, EU member states accounted for 48% of global wine consumption, totalling 107 million hectolitres. This volume marked a slight decline of 1.8% compared to 2022. Nevertheless, this consumption level was over 5% below the decade-long average, as the industry faced several challenges.

Source: OIV

The 10 Most Expensive Wines in the World

Few things in the world improve in quality and value with age. Aged wine is one of those things, defined by elegance, rarity and finesse. If you are drawn to the thrill of owning something truly one of a kind, this niche market will certainly appeal to you.

We’ve all heard the expression “aging like a fine wine,” so you may not be surprised to learn seven of the 10 most expensive wines in the world are from 1947 or earlier. That includes three bottles that date back to the 18th century. No need to check the “best before” date.

Rank Wine Year Country Price
1 Domaine de la Romanee-Conti Grand Cru 1945 France $558,000
2 Screaming Eagle Cabernet Sauvignon 1992 United States $500,000
3 Jeroboam of Chateau Mouton-Rothschild 1945 France $310,700
4 Cheval Blanc 1947 France $304,375
5 Château Lafite 1869 France $230,000
6 Château Margaux 1787 France $225,000
7 Ampoule from Penfolds, Block-42 Cabernet Sauvignon 2004 Australia $168,000
8 Chateau Lafite Rothschild 1787 France $156,450
9 Henri Jayer, Vosne-Romanée Cros Parantoux 1999 France $136,955
10 Massandra Sherry de la Frontera 1775 Spain $43,500

France leads the way for luxury wines
What conclusions can we draw from the list? We all already knew that they like their wine in France, so the fact they produce the most expensive wines around won’t come as a huge shock.

Seven of the top ten most expensive wines ever sold hail from France, although special mention must go to the United States’ own Screaming Eagle Cabernet Sauvignon, made in Napa Valley in 1992. Only 175 cases were produced at a time when Screaming Eagle Cabernet hadn’t yet established itself as a premium wine producer.

Source: https://sothebysrealty.ae/

South African wine industry delivers exceptional harvest despite climatic challenges

Despite facing frost, floods, and unpredictable weather, South African wine producers have delivered an exceptional 2024 harvest, according to a recent report. This season showcases the industry’s adaptability and resilience, promising wines of outstanding quality.

The current report indicates that’s that the 2024 harvest season has been a journey defined by meticulous planning, and the adaptability of wine producers in response to diverse climatic challenges and disruptions.

According to South Africa Wine, harvesting season was a true test of the South African wine industry’s resilience. “Despite facing diverse and demanding climatic events, from frost and heavy winter rainfall to floods and wind, the industry’s adaptability and nimbleness transformed this harvest into one of the most remarkable in recent memory,” South Africa Wine said in a statement.

“With optimal ripening tempo, small berries and moderate, dry conditions during harvest, the stage is set for wines of unparalleled excellence to supply the domestic and more than 120 global markets,” they further added.

Vinpro consultation services manager Dr Etienne Terblanche said excellent winter conditions in most wine-grape growing regions raised high expectations for the harvest.”

“One of the standout aspects of this season was the exceptional sanitary condition of the grapes – a rarity in rainy harvest seasons and a testament to the industry’s resilience and adaptability,” he further said.

South Africa Wine chief executive officer Rico Basson said the 2023/2024 season may have presented its share of obstacles, but it has also showcased the resilience and determination of the South African wine industry.

“This industry stands resilient, with our wine stock now in equilibrium. Despite fluctuations in harvest yields and vineyard surface areas, we are primed and prepared to supply the world with exceptional quality and distinctive wines,” Basson expressed.

“The South African wine industry is undergoing a strategic repositioning, shifting our focus to value growth. Through reinvestment for growth and collaborative strategies, we are forging a path to strengthen our industry and propel us towards a future of quality, innovation, and sustainability,” he said.
The 2024 grape harvest yielded 1,099,051 tonnes from 87,848ha, a 7% decrease from 2023, according to SAWIS. This, combined with strong market demand, has balanced the industry’s wine stock levels, unlike some competitors who face a surplus and drastic measures like uprooting vineyards. Lower volumes create cost pressures, but they also support the sector’s commitment to value growth.

The total wine harvest, including juice and concentrate for non-alcoholic purposes, wine for brandy and distilling, is estimated at 857m litres, with a recovery rate of 780 litres per tonne of grapes.

Early cultivars had lighter yields across most regions, while later red cultivars generally improved. Winemakers are optimistic about the overall quality, especially full-bodied red wines with excellent colour and tannin extraction. White wines are expected to be fresh with ample texture.

South Africa is the world’s seventh-largest wine producer, contributing about 4% of the world’s wine. The industry adds more than R56.5bn to the country’s GDP and employs 270,364 people across the value chain, including 85,962 on farms and in cellars.

Regional Production Highlights:

Breedekloof: Optimal grape analyses and good colour in red wines.

Cape South Coast: Healthy grapes due to low rainfall during harvest, with good quality despite lower juice recoveries.

Cape Town: Good flavour intensity in white wines and promising colour development in red wines.

Klein Karoo: High rainfall and good wine quality, highlighting the importance of rainfall timing.

Northern Cape: Riper, tropical wine profile with better-than-expected quality in red cultivars.

Olifants River: Despite flood damage, yields matched the previous season, with disease control methods improving wine quality.

Paarl: A wet and cold winter followed by a hot January affected crop size, but the region saw good variation in yields and wine quality.

Robertson: High humidity challenged early cultivars, but overall grape health and wine quality were good.

Stellenbosch: Significant early rainfall followed by a dry summer led to lighter yields for early cultivars, but good grape quality.

Swartland: Despite a lighter yield, the quality of grapes was good, especially for red wines.

Worcester: Optimal ripeness and sugar levels in most grapes, with improved colour development in red cultivars. New plantings are enhancing the region’s red wine output.

Source: https://www.wosa.co.za/

Concours Mondial de Bruxelles Launches “South Africa Selection by CMB” 17 to 20 September in Cape Town

One of the world’s largest and most respected wine and spirits competitions, the Concours Mondial de Bruxelles (CMB), launched last week a national competition for South Africa under the global CMB brand “South Africa Selection by CMB.” The inaugural edition will open for entries on 1 June, with judging scheduled to take place from 17 to 20 September in Cape Town.

Says Quentin Havaux, CMB’s CEO, “To head up the new South Africa Selection by CMB, we have appointed Lorraine Immelman, who has founded and run two successful wine and spirits competitions in South Africa since 1997. With almost 30 years of experience in the international wine and spirits competition business, she brings a wealth of knowledge and expertise to our team.”

Following the success of the Sauvignon Selection by CMB in March 2023 – known as the Concours Mondial du Sauvignon at that time – the decision was taken to establish a national competition in South Africa in 2024.

Quentin continues, “Our vision for the South Africa Selection is three-fold:

1. to develop a national wine and spirits competition which is powered by the well-recognized Concours Mondial de Bruxelles;
2. to create a synergy in South Africa which will promote the country’s wines and spirits to local consumers, and
3. to create new platforms for the promotion of South African wines and spirits in world markets.”

Global Exposure on Local Soil
“Amidst a seeming flood of recent new wine competitions, I believe that South Africa right now needs a global wine and spirits competition of the stature and international significance of Concours Mondial de Bruxelles,” says Lorraine.

CMB offers entrants true value for their entry fees, including:
personalised, usable feedback from the judging panels on every product entered and tasted. This includes an Aroma Wheel generated by AI and a detailed analysis with actionable insights to support marketing campaigns.

CMB’s judges represent a mixture of the best local and international experts including buyers, journalists, oenologists and hospitality representatives, who add real marketing support for awarded products.

A Wine and Spirits Experience by CMB concept has been developed with the opening of Wine Bars and Wine Corners in cities and airports around the world (including Mexico City and Tokyo). These tasting venues are exclusively dedicated to CMB medal-winning products from all competitions and sessions.

The CMB media team gives exposure to awarded products at international wine shows such as Prowein, Wine Paris-Vinexpo, Vinitaly and Guiyang.

The South Africa Selection team will focus on the sustained promotion of winning cellars and sponsors through a dedicated media campaign to promote our winners locally. CMB also adheres to the strict competition rules set forth by the European Union, as well as all CMB competitions and selections are meticulously audited by the Service Public Fédéral belge de l’Economie (SPFE).

“CMB aims to be the most prestigious and the most rigorous wine competition in the world. What we want is to be the most reliable wine competition for producers and also for consumers,” says Quentin Havaux. “We look forward to bringing this competition to your beautiful country, and giving South Africa’s fine wines and spirits a more global presence.”

The inaugural South Africa Selection by CMB opens for entries on 1 June, with the judging taking place from 17 – 20 September in Cape Town.

For more information and entry details, please visit our website, Facebook and Instagram page:
southafricaselection.com/

www.facebook.com/southafricaselection/href=”

http://www.instagram.com/saselectioncmb/”>www.instagram.com/saselectioncmb/

For enquiries please feel free to contact Lorraine directly on southafricaselection@vinopres.com or lorraine.immelman@vinopres.com

Duero Wine Fest 3rd Edition – Part 2

Juan García-Gallardo, Vice President of Junta de Castilla y León opened the Duero Wine Fest 3rd Edition this week in the beautiful Spanish Renaissance city of Salamanca.

He stated that wine is “one of the oils” of the economy of Castilla y León and the its importance.

“It is a fundamental part of the economy of Castilla y León, one of the oil and major sources of wealth, García-Gallardo states, highlighting that the turnover is almost one billion euros, provides 33,000 jobs, and contributes almost 4% of the Gross Domestic Product of Castilla y León.”

García-Gallardo also values the progress taken by the wineries from this region, highlighting that the Ribera del Duero denomination has overtaken Rioja. He further states: “We are going to continue supporting the 16 designations of origin so that they continue to grow in market share, so that they continue to have more facilities and so that they continue to conquer different markets.”

The Duero Wine Fest closed on Tuesday with over 400 attendees. Some key topics for the closing day included: the decline in wine consumption; the importance of the promotion of wine tourism, and the use of technology to reach consumers.

Wine tourism – Global Trends was the main topic of a presentation given by Gergely Szolnok, Professor of Market Research at Geisenheim University. He presented his studies which showed that 80 percent of tourists are not interested in visiting a winery, so wineries must “change their strategies and focus on that type of visitor, seeking to attract them.”

Some of the modifications he recommended include combining gastronomy with wine tourism, taking sustainability into account and adding more innovative aspects such as digital tours or facilitating access for caravan tourism, which is the new big thing!

He also highlighted the importance of the wineries themselves being well-managed, not only in their administrative, production, marketing or vineyard management, but also in terms of the clients and visitors they receive.

The importance of wine tourism was also discussed by Ignacio Gurría, who stated that wine tourism is “the spearhead of wine sales.” In his opinion, wine tourism can be an opportunity to improve consumption.

In his lecture, Impact of New Technologies on the Promotion and Marketing of Douro Wines, Ignacio Gurría, Executive Director of the working group of the Digitalisation and Wine Hub of the FEV (Digitalisation and Wine Markets),
shared his position on digitalization and wine markets and encouraged wineries to implement a digitalization strategy in their marketing program: “In technology you are never late, you arrive good or bad, that is the reality; it is not a question of time, but to do it well” he states.

For digitalization, he further urged wineries to have websites, to have their digital presence controlled, and he insisted on having good data: “Good data is valuable to the winery, which should be the objective.

The congress was promoted by the Department of Agriculture, Livestock and Rural Development of the Government of Castilla y León through the Agrarian Technological Institute, which has the objective is to position the Duero as one of the most important wine rivers in the world.

The main objective of the International “Duero Wine” Congress is to value the hydrographic basin of the Duero River as a unique territory, sustaining quality wines with different personalities, disparate flavors, to which are added the wines of Bierzo, endowed with its characteristic Atlantic nature, and the singularities of Sierra de Salamanca and Cebreros.

The Duero Wine Fest 2024 presentations can be seen on the congress’s YouTube channel:
https://www.youtube.com/@duerowinefest2024/videos