Wildfires in the EU and US in 2018 will result in a decrease in wine production across 2023 and 2024. This is especially prevalent in France, as the weather has led to a decrease in Bordeaux production, which is predicted to lead to a 30% decrease in supply.
Wines from other countries, including Australia, Africa and Chile, are set to contribute to the local wine market across the forecast period. Growth from Chile and Australia will be key, as these countries are rapidly developing more wineries.
Despite Taiwanese consumers being receptive to local wines, the growth of local vineyards and wine brands remains challenged by a number of factors. Firstly the climate; Taiwan’s hot and humid climate makes it a challenge to grow good quality grapes as the temperature leads to the grapes having high acidity and low sugar.
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This is the aggregation of still and sparkling light grape wines, fortified wine and vermouth and non-grape wine. In terms of alcohol content, light wine usually falls into the 8-14% ABV bracket while fortified wine ranges from 14-23% ABV. Low and non-alcoholic wine is also included in the data (attributed to each sector as appropriate).See All of Our Definitions
This report originates from Passport, our Wine research and analysis database.
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