Global wine trade lost €600 million in the first quarter of 2026

Global wine trade contracted sharply in the first quarter of 2026, with the industry losing €600 million compared to the same period last year. It's a significant decline that'll be affecting exporters, importers and distributors across all major markets. The data suggests headwinds across the international wine supply chain, though further detail is needed on whether this is driven by demand weakness, trade barriers, or other factors.