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Global wine consumption rises with U.S. and China leading

Italy is world's largest exporter of wine

22 March, 16:42
Global wine consumption rises with U.S. and China leading (ANSA) - Rome, March 22 - Global wine consumption rose in 2012 by 0.6% to 245.2 million hectolitres compared to the previous year, lifted by demand in the United States and China, according to the latest data released by the "Office International Du Vin". China last year boosted wine consumption by 9% in 2012, while the US sales gained 2% in the year. European consumption meanwhile remained stable. Despite the slight increase "2012 goes to confirm the negative situation of consumption as a result of the financial crisis, as the sector has yet to return to the growth levels it was enjoying in terms of global demand that existed prior to the crisis", the ODV said. Exports were stable at about 101.4 million hectolitres, with Italy making up the largest portion with 21.5 million hectolitres and Spain and France following closely with 19.1 million hectolitres and 15 million hectolitres respectively.

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