Global wine supply monitor

About the report

The global wine supply monitor offers a snapshot of global wine production, including historical volumes for the top eight producing countries, as well as analysis on this year’s vintage.

Updated annually, statistics include:

• wine production in litres for the last five years for the top eight producing countries
• current or upcoming vintage volume predictions
• summaries of harvests in both the Northern and Southern Hemispheres

Global wine consumption figures are also included and an analysis of supply and demand.

Countries included in the report:

• Italy
• France
• Spain
• United States
• Argentina
• Chile
• Australia
• South Africa

Report summary - December 2025

World wine production in 2025 is estimated to be slightly higher than the historic low 2024 vintage at 22.7 billion litres, with a limited rebound driven by the southern hemisphere producers and Italy.

France and Spain both had smaller crops in 2025 than in 2024 and well below their 5-year averages, due to high climatic variability compounded by demand-driven adjustments. Italy had a 1 per cent year-on-year increase, but remained slightly below its 5-year average. It was the largest producer by a significant margin. The US was 5 per cent below 2024 and 16 per cent below its 5-year average, with the lower crop widely attributed to vine removals and restricted intake.

The Southern Hemisphere harvest increased by 7 per cent, driven by increases in Australia (up 9 per cent), South Africa (up 16 per cent) and New Zealand (up 32 per cent). Conversely, Chile and Argentina both saw declines. Chile has had significant vine removals in the past two years and its harvest was 26 per cent below the 5-year average and the lowest for at least 10 years. Australia overtook Argentina to be the largest Southern Hemisphere wine producer in 2025, with a 5 per cent share of global wine production.

Despite the below-average vintage, total global wine production is still estimated to have exceeded consumption by 8 per cent in 2025.

Sources

This report is compiled from production data reported by the International Organisation of Vine and Wine (OIV), as well other sources including IWSR and Ciatti Wine Brokers.