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Romania, close to become EU’s leader in terms of wine production growth

The latest European Commission forecast regarding wine production indicates a plus of 28 percent to 4.8 million hectoliters for Romania compared to last year, economica.net informs.

Compared to the average of the past five years, the growth for Romanian vine growers is 17 percent. It’s the highest increase in the EU, given that most Member States have produced less wine last year than in 2015. Thus, total production reached 165 million hl, 4.8 percent below the previous year’s production and 2 percent below the average of the last five years. In these circumstances, Romania could report the highest growth of wine production in EU.

A similar production value was carried out in Romania in 2009 to 4.9 million hl, after which the trend was strongly downward.

Romania but failed to climb the ranking of the largest European producers, maintaining the sixth position after countries such as Italy, Spain, France. Romania is close to the Portuguese production, which fell last year by 20 percent to 5.6 million hl.

According to Eurostat, EU is the world’s leading producer of wine, with almost half of the global vine-growing area and approximately 65 percent of production by volume.

In 2015, Italy (29.4 percent), France (26.3 percent), and Spain (23.6 percent) were the EU countries producing most grapes for wine use, making up 79.3 percent of total production. They were followed by Germany (5.1 percent), Portugal (3.9 percent), Romania (3.2 percent), Greece (2.3 percent), Hungary (2 percent), and Austria (1.3 percent). Bulgaria, Croatia and Slovenia are also significant grape producers.

In 2015, the production of grapes for wine use increased by around 3.5 percent compared to 2014, and it stood 3.4 percent above 5-year average levels.

In 2015, the price of wine decreased by 2.2 percent compared to 2014 and increased by 5.9 percent in comparison to the period 2010-2014. The median price of grapes for wine production was EUR 50.15 per 100 kg.

About Anca Bernovici