Historic high in wine trade in 2021 (but don't get too excited about 2022)
Global wine exports reached a historic high in both volume and value in 2021: but unfortunately that doesn’t guarantee equal success in 2022 given global supply chain disruptions and rising energy prices.
The figures, published by international wine organization OIV this month, showed exports rose 4% in volume terms in 2021 and value was up 16%.
Spain was the top exporter in volume terms, while France took top spot in value.
But trade disruption between the EU and Russia is set to hit these mega-producers, among others, in 2022.
