VINEXPO REPORT VIEWS PRODUCTION AND CONSUMPTION INCREASE
By DEAN TUDOR
The Time and Date: Thursday, January 29, 2009 2:30 PM to 4:30 PM
The Event: Presentation of report from the VINEXPO sponsored International Wine and Spirit Record analyzing the changes in the production of 28 countries and consumption in 114 countries.
The Quote/Background: “According to the industry-leading study, worldwide consumption of wine will grow by more than 6% over a five-year period, reaching 2 816 billion cases by 2012. In 10 years, world wine consumption will have increased by 14.07% to 4.16 billion bottles, roughly equal to the annual production of wine in the U.S., the world’s fourth largest producer.
In terms of sales, the world wine industry will total no less than $166.117 billion by 2012: an increase of 8.92% since 2008. » (suite…)