Romania ranks 13th among the world wine producers, an analysis conducted by the company for financial services Keys Fin reveals. The production has increased this year and, according to the analysis, the revenues generated by the sector could exceed those registered last year.
The Keys Fin analysis shows that the wine industry in Romania this year would reach RON 723 million (approx. EUR 160 million – our note), as the production has increased by 37%. However, the market includes more producing companies. In 2015, the revenues from the wine industry did not exceed RON 680 million. Bucharest and the counties of Vrancea, Prahova, Constanta and Buzau are now the regions with most manufacturers registered. The counties of Iasi, Vaslui and Dolj are out from the ranking.
Romania is producing around 4.8 million hectolitres, an amount that ranks it 13th in the world; Italy, the country with the most developed wine sector, is producing this year more than 48 million hectolitres. France produces almost 42 million and Spain around 38 million. Europeans dominate the world rankings of wine producers: the United States and Australia are ranked 4th and 5th.
Globally, the analysis shows, the total wine production has fallen by 5 percent this year as compared to 2015.