South Africa's wine exports experienced a 17% decrease in 2023. However, in terms of export value, they held their ground, remaining affordable for international buyers.
Robert Joseph has a broad-ranging conversation with Rodolphe Lameyse, CEO since 2019 of Vinexposium, organiser of Wine Paris & Vinexpo Paris, Vinexpo Asia, Vinexpo America, Vinexpo India, and the World Bulk Wine Exhibition in Amsterdam.
As every January, this month’s Ciatti Global Market Report looks back at the year just passed and ahead to the new one. If 2022 was characterised by rising annual inflation levels and a supply chain crisis, 2023 will be remembered for interest rates rises and slow buyer demand.
A year of flat or declining wine sales due to consumer pessimism draws to a close with bulk markets in December exhibiting the same slowness they have done throughout the previous eleven months. Transactions are, on most wines in most markets, incremental and price-sensitive.
The bulk wine market is the engine of the international wine trade. Felicity Carter caught up with Florian Ceschi from bulk broker Ciatti, and asked him to explain how the market works and what the current trends are.
The International Organisation of Vine & Wine (OIV) estimate that 2023 wine production will be 7% lower than the below-average volume of 2022, and it says, the lowest output since 1961. Does this tally with what we at Ciatti are hearing, and what should we make of it?
The wine production forecasts from the OIV indicate a significant decrease, falling by 7% to 244 mhl, marking a historic dip. Yet, this reduction might help to stabilize the international market.
It’s got a wine-growing history that dates back to the Roman world. It’s got more than 220 authorised grape varieties over 55,000 hectares of vineyards, and it’s one of the most exciting wine-growing countries in Europe.
