Wine Economics

OIV Releases 2025 World Wine Production First Estimates

The International Organisation of Vine and Wine (OIV) published yesterday its annual first estimates for global wine production in 2025. The initial forecast for 2025 is between 228 and 235 million hectolitres, with a mid-range estimate of 232 million hectolitres. That is a 3% increase on the historically low 2024 harvest, but still 7% below […]

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Georgia’s Wine Tourism Boom: $4.6 Billion Forecast Fuels Record Growth and Global Recognition

Nestled among Kakheti’s vineyards and Tbilisi’s age-old streets, Georgia is crafting a narrative perhaps even richer than its famous qvevri wines. Galt & Taggart, the investment firm, now projects that tourism revenue could hit $4.6 billion by 2025, a slight increase from its prior estimate of $4.5 billion. This celebrates a sector that’s not just

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International Wine Challenge Reveals the World’s Highest Scoring Wines of 2025

The International Wine Challenge (IWC) 2025 has once again affirmed its position as the most rigorous and influential benchmark of global wine quality. This year’s results highlight the remarkable diversity of viticultural excellence, with nine countries earning recognition across the most prestigious categories, including Champion titles, international trophies, and national trophies. The IWC’s methodological rigour,

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EU Authorizes Three New Grape Varieties: Calardis Blanc, Magdeleine Noir, and Négret de la Canourgue

The French Minister of Agriculture and Food Sovereignty submitted a formal request to the European Union to update the Official Catalogue of Species and Varieties of Plants Cultivated in France. At the culmination of this process, three grape varieties, Calardis Blanc (white), Magdeleine Noir, and Négret de la Canourgue (both red) have now received official authorization. Calardis Blanc, a hybrid derivative

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EU wine, spirits to face 15% US tariff starting August 1

European wine and spirits will face a 15% U.S. import tariff until a different deal is agreed in talks expected to continue in the autumn, the European Commission and EU diplomats said on Thursday, dashing producers’ hopes of an immediate reprieve. A framework trade deal between Brussels and Washington on Sunday agreed a 15% tariff

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AliveTaste’25 – A Celebration of Portugal’s Wine Culture and Gastronomic Excellence

I recently had the honour of attending the 9th Edition of AliveTaste’25 in Portugal, an extraordinary celebration of Portuguese wine, gastronomy, and cultural excellence. My journey across the country offered profound insights into the evolution of its wine culture, from the Atlantic-influenced Vinho Verde to the dramatic terraces of the Douro Valley and culminated in

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Global Wine Tourism Soars in 2024 Despite Historic Lows in Production and Consumption

The global wine tourism sector demonstrated exceptional growth and resilience in 2024, according to The Global Wine Tourism Market 2024 report, published by Vinetur on July 16, 2025. Despite a challenging year for wine production and consumption worldwide, wine tourism emerged as a dynamic and vital segment within the broader tourism and beverage industries. Market

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Rethinking the Tasting Room Experience: Does Waiving Fees Drive More Visitors?

I’ve come across some compelling insights from the SVB 2025 DtC Wine Report that shed light on evolving strategies in the tasting room experience. According to the report, wineries were asked under what circumstances they would waive tasting fees. Predictably, scenarios such as making a purchase or joining a wine club were frequently cited, widely

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Temecula Valley Reports Historic Growth in Tourism: 3.4 Million Visitors and $1.1 Billion Economic Impact in 2024

Visit Temecula Valley released its 2024 Economic Impact of Travel report this week, revealing substantial growth in tourism-related activity for the region. According to data compiled by Dean Runyan Associates, the region welcomed a record-setting 3.4 million visitors, a 2.1% increase over 2023 and an 8.7% increase from pre-pandemic 2019 levels. The report underscores the

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Yinchuan’s Ascent: China’s Emerging Global Wine Capital at the Eastern Foothills of the Helan Mountains

The Fifth China (Ningxia) International Wine Culture and Tourism Expo, held in conjunction with the 32nd Concours Mondial de Bruxelles from June 9 to 12, 2025, marked a pivotal moment for China’s rapidly evolving wine industry. Hosted in Yinchuan, the capital of the Ningxia Hui Autonomous Region, this convergence of a prestigious international wine competition

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