Category: Wine Economics

The Liv-ex “Power 100” 2022 – All About Burgundy

The Liv-ex Power 100, produced in conjunction with The Drinks Business Magazine, their annual list of the most powerful brands in the fine wine market.

The Power 100 is a snapshot of the ever-changing landscape of the secondary market and this year’s list caught Burgundy at the very height of its latest upswing.

For the first time ever, no Bordeaux wines feature in the top 10. Not a single First Growth from either bank. This year they have been totally usurped by Burgundy and Champagne.

Rupert Millar, Liv-ex’s Managing Editor states:
“Already the direction of the market in 2022 suggests change is on the way. Just as we saw in 2019, Burgundy’s latest surge may be dizzying but could be swiftly stymied by a lack of supply and an increasing reluctance to pay such steep prices for handfuls of bottles. The higher it flies, the thinner the air, and the fewer buyers there are.”

Key findings:   https://www.liv-ex.com/.

#wineinvestment #winelovers #winecollectors #burgundy #bordeaux #wine #power100 #livex #champagne #finewine #finewinecollectors

OIV Releases 2022 Global Wine Production Projections

OIV releases its report on 2022 Global Wine Production Projections and here are their findings:

Severe drought and extreme heat pose a new threat to wine production.

In 2022, despite the heat wave that touched many regions of the world, global wine production volume is expected to be at a level similar to the one observed last year. This would be the fourth consecutive year where the global production level can be considered as slightly below average.

This year’s harvest has been characterized by extreme heat and record-breaking drought that sped up ripening in vineyards all over the globe. A report recently published by the Global Drought Observatory indicated that almost two-thirds of the European territory was in a state of drought or on alert due to heat waves and extremely low rainfall: this has been the worst drought in the last 500 years. And Europe was not the only region impacted: from East Africa to California, extreme temperatures have been recorded this year.

Average production volume is expected in the EU, with positive performances recorded in Italy, France, and Germany, which balanced out the low harvests expected in Spain and Greece, which were particularly affected by the heat wave during summer.

First harvest forecasts in the USA indicate that production volume will be slightly lower than in 2021.

After the record-high figures of last year, Southern Hemisphere vineyards produced average volumes, with the only exception of New Zealand that, thanks to favorable climatic conditions, records the largest production ever.

Full Report

https://www.oiv.int/press/severe-drought-and-extreme-heat-pose-new-threat-wine-production

Source OIV

#OIV #winereport #winenews #winery #wineries #wineharvest #winelovers #wine #winetrade #wineproduction #wineproducer #wineeconomics #winetrends

 

 

Ukraine officially becomes the 49th OIV member state

Officially today, October 30, 2022, the intergovernmental viticulture organization, The International Organisation of Vine and Wine (OIV) will readmit Ukraine to its ranks. The war-ravaged Eastern European state was previously a member from 1997 to 2008, and had applied for membership last year, before the February invasion.

This brings now brings the number of OIV member states to 49.

In 2021, 660,000 hl of wine were produced in Ukraine from a vineyard area of around 42,000 ha. All of the major wine-growing countries of the world belong to the OIV.

By becoming a member of the OIV, Ukraine will benefit from the information, cooperation and services of a network of over 1,000 experts. These links will enable Ukraine to participate in decisions concerning the viticulture sector.

“By joining the OIV, Ukraine will benefit from the information, cooperation and services of a network of around 1,000 experts.  These connections will enable Ukraine to participate in the fundamental decisions on the development of the sector and to make its voice heard,” OIV states.

@oiv2022mx @@oiv_int  #oiv #ukrainewine #ukrainewines #wine #winelover # ukrainewinery #ukraine #vineyard  #winenews #vines #viticulture

Ingredients listed on a wine label: a consumer’s perception study

 A study dealing with: “Wine labeling with the list of ingredients: context, consumer’s perception and future challenges” was just released in anticipation of the new European Réglementation. The study questions the perception by the consumer of different types of ingredients on the label.

You can view this study here: https://www.wine-law.org/index.php/en/ingredients-on-wine-label-a-consumers-perception-study/

#wine #winelabelling #winenews #winestudy #winelovers #wineconsumer #winebottle #consumerresearch #winemaking

The Science Behind Nonalcoholic Wine – Smithsonian Magazine

Here is an interesting read from Smithsonian Magazine ….drinking habits are changing, and vintners are exceeding tasters’ expectations with new options stripped of their alcohol.

Market Research Firm Fact. MR estimated that global nonalcoholic wine sales reached $1.6 billion in 2021 and will double in the next decade.

https://www.smithsonianmag.com/innovation/the-science-behind-nonalcoholic-wine-180980805/

#wine #winelovers #vitners #nonalcoholic #alcoholfree #drinks #sober #drinkstagram #science #Smithsonianmagazine #nonalcoholicwine #winetrade #winemarketing #winesales #winetrends