About Spanish wine price
Why has the price of Spanish wine increased?
Due to the drought and frost suffered in the wine regions of Spain the prices of wines have risen, especially for bulk wines, in Castilla La Mancha approximately 60%, with these data it is expected that the low-cost wines suffer the biggest price increase.
This price increase also reaches the Denominations of Origin where the prices of the kilo of grape have also suffered an increase, being able to pay almost the double that the previous year for the same kilo of grape.
In the case of the DO, the increase in the price of the grape will not have much impact on a price increase for this type of bottled wine, although the increases in the kg of grape can’t have a great impact on the final price of wine, this has led to the determination of many wineries to reduce the production of young wine and bet on reserve wines and large reserves waiting for better prices for wineries.
This decrease in the harvest has occurred throughout Europe, this gives Spain an opportunity to maintain the leadership of the sale of wine in the world, since its price / quality ratio is the most competitive.
It is estimated that production has dropped between 10% and 20%, from 44 million hectoliters in 2016 to 35 million hectoliters in 2017, where most has been accused of that decline is in the Ribera del Duero area. to lower production by 45%, they are also close to 50% DO, such as Rioja and Rueda.
In the rest of Europe, as we have already indicated, production has also declined, especially in the two countries with the greatest winemaking tradition such as France and Italy, in Italy it has dropped by 23% and in France it is estimated that the decline would be 19 %.
As a result, Spain has exported an average in recent years of 23 million hectoliters, of which almost 25% were exported to France. This wine is bottled in France or mixed with Spanish wine.