Good morning and welcome to the start of 2015, at least on a calendar basis. While we all tend to work harvest to harvest, the Ciatti World Report hopes to capture the ongoing fluctuations in the wine business from a supply side month to month around the globe!

As we did last year, we would like to offer you this first report of 2015 as a primer to what may be next for us in the global wine business. The year of 2014 had many bumps and grinds along the way, with larger or perhaps larger than expected harvests in some areas of the world, while in a select few markets the supply stream was down a bit. The great news is that the wine business continues to grow year over year, as people continue to savor our wines the world over. Regardless of the growth in the Craft Beer and Spirit categories, we continue to attract drinkers who see the value in the lifestyle that wine offers them on a daily basis. We have often stated that we may have a bit of oversupply today (country and varietal dependent of course), but we also have increased consumption, just not at the level that can keep up with the volumes created between 2012‐2014. To that end, we need to drink our way through it collectively. Luckily, consumers of our wines are looking for us all to continue to produce quality wines for many years to come. We at Ciatti will continue to do our part in moving us towards a balanced position through brokering or drinking or both!!

Finally, remember, this January 2015 World Report offers a consolidated view from the year that was, with some predictions for the year that may be. So, sit back, enjoy an early cup of coffee and start the year off with us!

We hope you all had a very Merry Christmas and a Happy New Year, and we look forward to a fruitful 2015 (pun intended!)

 

CLICK HERE FOR FULL REPORT