For years, the US has been the world's most appealing export market. Not only were American consumers prepared to pay more, but the market kept expanding. Jeff Siegel says the party’s over.
With the declining quantity of customers, wine sales in the German market are also decreasing. However, revenue has slightly increased so far in 2024, partly due to inflation.
Thailand has an unusually high alcohol tax and one of the most complex excise tax systems in the world. The new government is making life a little easier for the wine trade.
In the annual report on the global wine industry, the OIV highlights significant shifts taking place. Germany is no longer maintaining its position as the world's leading importer, and a new export champion from the New World has emerged. Clemens Gerke reports.
This year's OIV report takes a look into the industry's challenging state. From the USA overtaking Germany as the world's largest wine importer, to China's wine market continuing its decline. With a focus on supply chain disruptions, inflation, and sustainability, the wine industry is resilient and ready to face the future.
Austria’s sweet wines are perennial favourites at prestigious wine competitions, consistently earning top ratings and winning coveted titles. But where, exactly, do they come from, and what makes them so special?