Date: January, 2003
Abstract: The world wine business is valued at EUR 150 billion for consumer value and EUR 60 billion for wholesale value. The total global production of wine averages round 275 million hl per annum. Of this, some 220 million hl are consumed and the remainder is distilled as cognac, brandy, alcohol or removed from the market through EU subsidies. Exports of table wine account for 27% or 60 million hl, and in 2002 represented a value of EUR 13 billion, making it one of the most traded food products.
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Research Type: F&A Review