French wines lead premiumisation in 2022, while Latvia becomes larger wine exporter to Russia

The OEMV has presented its annual review of world wine trade at the OIV meeting of the Economic & Markets working group


The first part of the report focuses on trends of international wine exports, which - up to October last year - increased in value terms while remains much more stable in volume. This premiumisation trend is pushed by inflation but also continues a preceding 10-year long trend were world consumption and trade in volume remains quite flat, while average prices keep on growing. France is, by far, the leading producer taking advantage of this trend.

In the second part of the report three issues of major relevance in international wine sales are analysed: sales to Russia, the evolution of China and the long terms versus short term effects of inflation in wine exports.


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