Wine economics
8 important questions on Wine economics
What is the main criteria that we can use to segment the wine on the market?
- Wine production per hectare (= industry of the yield)
How can we group the wines according to their price and quality?
- NO OFFICIAL CLASSIFICATION
- Basic wines - Popular premium wines: production per hectare is quite high. Sometimes made from a blend produced in different countries and sometimes sold in bulk.
- Premium wines - Ultra-premium wines: production per hectare is quite low. These are wine produced in a specific terroir in a specific designated geographical area --> official appellation (p.ex. Bordeaux, Chianti).
- Iconic wines: quality is exceptional, quantity is very low and the demand is very high and an international recognition (p.ex. Château Mouton Rothschild).
How are the countries that are the vastest vineyards?
- Spain
- France
- China
This statistic includes production of table grapes, grapes for wine and raisins
- 1 ha = 10000 m^2 --> 1 ha =2.471 acres
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How are the countries that produce the most wine?
- Italy
- France
- Spain
How are the countries that consume the most amount of wine?
- USA
- France
- Italy
Why is the wine consumption decrease in the past years?
- Greater awareness of the health risks linked to excessive alcohol consumption
- Changes in dietary habits, with wine now consumed occasionally rather than as a regular part of meals
- Wine is no longer associated with providing daily energy for physically demanding work, as such labor has become less common
- Stricter laws regulating alcohol consumption
- Reduced transmission of wine-related knowledge and traditions to younger generations
How are the countries that export the most amount of wine?
- Italy is the first country for the quantity exported
- France is the first country for the value of bottles exported (11'671 $ in 2024)
- Spain
Who are the countries that import the most amount of wine?
- Germany is the first country for the quantity imported (12.7 mhl in 2024)
- USA is the first country for the value of bottle imported (6278 $ in 2024)
- UK
The question on the page originate from the summary of the following study material:
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