Wine Decline

According to Morgan Stanley Research, a wine shortage is upon us.  Apparently wine consumption is outpacing vineyard production.  I do what I can.

The old world still dominates, but its star is slowly waning

Europe- led by France, Italy and Spain - still holds the crown as the world's biggest wine producer, making around 1.5 billion cases in 2012. But production from this part of the world is falling sharply, with output down 9.5 percent between 2011 and 2012. France - the world's biggest producer - suffered an even sharper fall of 18percent.

Wine consumption dipped between 2008 and 2010 but is back on the rise

The recession hurt wine consumption, but a recovery is well underway, with demand fast approaching its pre-crisis peak.

The French still drink the most wine, but the US is catching up

The French have historically both made and drunk the most wine. But the US is now a close second, while China's taste for wine is also on the rise, having doubled twice in the last five years.

With 4.3 billion Asians and 2.7 billion of the rest of us.  Yes, 60% of everybody in the whole world lives in Asia. 

Since their population certainly isn't waning, maybe their taste for wine will.