European wine consumption is declining

According to forecasts, wine consumption in the European Union will decrease by about 8 percent this season due to the coronavirus epidemic – we read on blog.syngenta.hu.

The closure of bars, restaurants and tourist services is reducing the European population’s desire to drink wine. Although 70 percent of wines are increasingly being consumed in retail sales, this will not be enough to make up for lost revenue from restaurant consumption.

According to surveys, consumers bought mainly average-priced wines during this period, with champagne sales falling sharply.