Wine Economics

Wines of South Africa Export Report 2023: Positive Value Growth, Despite Challenging Global Economy

The year 2023 will undoubtedly be remembered by the world’s wine fraternity as one of the most challenging. This rings true in the context of South African wine exports as well, with volume declines of 17%, resulting in total export volumes of 306 million litres. The silver lining for South African producers can be seen […]

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Benvenuto Brunello 2023, Presenting the Iconic Elixir of Tuscany – Filippo Magnani

On November 28th wine enthusiasts and professionals in nine key cities worldwide gathered to celebrate Brunello Day. London, New York, Dallas, Miami, Toronto, Vancouver, Zurich, Shanghai, and Tokyo all raised their glasses in honor of Brunello di Montalcino, the iconic elixir of Tuscany. This celebration is in fact the culmination of a 10-day event called

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Silicon Valley Bank Releases 23rd Annual State of the US Wine Industry Report

The 2024 report examines the latest consumption, pricing, sales data, and the most promising wine industry marketing strategies. It provides an in-depth analysis on the key trends impacting the US wine industry: • While full-category wine sales by volume will be down for a third consecutive year; • 2023 year-end premium wine sales will likely

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Taste-Driven AI Algorithms Enhance Wine Selections

For wine enthusiasts, choosing a bottle of wine can be challenging when scanning unfamiliar labels, while shopping. Questions that come to mind: What does it taste like? What was the last one I bought that tasted so good? Vivino, Hello Vino, Wine Searcher and other apps let wine buyers scan labels to get information about

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Global Wine Production Lowest Level Since 1961

Global wine production has fallen this year to its lowest level since 1961 as vineyards were pummeled by extreme weather events, according to a statement issued this week by the International Organization of Vine and Wine (OIV). Output reached 244.1 million hectoliters, down 7% from last year, the intergovernmental body said as it presented its

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Wine News: Trade in Wine and Vine Products Continues to Raise

The first edition of the Vine and Wine World Trade Forum was held a few weeks ago in Dijon, France. It has revealed that international trade in wine and vine-related products has grown significantly over the past two decades. The market has also become more diversified as consumer tastes have changed. While traditional winemaking economies,

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Announcing Liz Palmer is Guest Speaker at the 7th UNWTO Global Conference on Wine Tourism

I’m so thrilled to have been invited as a guest speaker at the upcoming 7th UNWTO Global Conference on Wine Tourism!! The topics for the 7th Edition include “Inclusive, Sustainable and Digital Wine Tourism: Building Stronger Territorial Cohesion” This yearly conference has become a leading international forum on trends, tools and opportunities to advance global

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50% of UK Millennials Perceive Drinking and Dining as Essential Spending

Design My Night has just released the results of its city survey, with this year’s focus being on affordability. The results show that a large proportion (83%) of participants have changed their spending habits due to the cost-of-living crisis. However, 50% of millennials who completed the survey view drinking and dining as essential spending. The

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US Adults 55+ are drinking more alcohol according to research

The percentages of 18 to 34-year-olds, who report that they either don’t drink, drank the past week, or sometimes drank more than they should, are all lower than they were 20 years ago, according to research conducted by American analytics company Gallup. Yet, drinking on all three metrics has trended up among Americans 55 and

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European Commission sets out the continent’s first soil law

Amid intense opposition to proposed laws on nature restoration and curbs on pesticides, the European Commission put forward proposals [the continent’s first soil law] in Brussels last week to revive degraded soils. Research indicates that this could help absorb carbon from the atmosphere and ensure sustainable food production. The new law would see Member States

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