Overview
- In its 2025 annual review, the International Organisation of Vine and Wine (OIV) reported consumption at 208 million hectolitres, down 2.7% year on year and 14% below 2018, the weakest level since 1957.
- Nine of the top 10 wine markets contracted, with China down 13% in 2025 and 61% since 2020, the United States down 4.3%, and France down 3.2%.
- Global production edged up 0.6% to 227 million hectolitres from a very low 2024 base, and the OIV expects leaner stocks rather than widespread shortages.
- Exports declined 4.7% in volume to 94.8 million hectolitres and 6.7% in value to €33.8 billion, with the OIV citing U.S. tariffs as one factor alongside weaker demand and tougher weather.
- OIV Director General John Barker said producers are leaning into wine tourism, sustainability and lower-alcohol lines, and he noted the precise impact of U.S. tariffs is hard to isolate among other pressures.