Trademagazin > News and articles > Market News > Global wine production is not keeping pace with consumption
Global wine production is not keeping pace with consumption
The world's wine production is below the global wine consumption. Therefore price increases are expected on the global wine market – Morgan Stanley warns in its fresh analysis.
The growing consumption of wine has reached 3 billion crates per year, while the annual production is only 2.8 million crates. The study found out, that there was no such shortage of wine on the wine market for four decades. The global wine production declines since 2004. A decade ago, the supply exceeded the demand with 600 million crates. (Braunmüller Lajos, Világgazdaság Online)
Related news
More related news >
Related news
Candy giant Mars to invest $2 billion more in US manufacturing through 2026
Candy and snacks giant Mars on Tuesday announced plans to…
Read more >Grocery Stores In Denmark Face DKK 1bn Hit From Weight Loss Medications, Study Finds
Danish grocery stores risk losing up to DKK 1.2 billion…
Read more >Alko – Finland’s State Sommelier Navigates Changing Times
A store format unlike any other in Europe: Alko is…
Read more >