Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Wine industry shifting to value growth

11 Sep 2024 - by -
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

South Africa’s wine industry is continuing to go from strength to strength despite ongoing challenges, highlighting the sector’s resilience.The 2024 grape harvest yielded 1 099 051 tonnes from 87 848 hectares, a 7% decrease from 2023, according to the latest harvest estimate by industry body SA Wine Industry Information and Systems (Sawis). This, combined with strong market demand, led to the industry’s wine stock levels reaching equilibrium. While the lower volumes imply considerable cost pressure for wine producers, they also showcase the sector's commitment to ensuring value growth across markets.“The 2023/2024 season may have presented its share of obstacles, but it has also showcased the resilience and determination of the South African wine industry,” said South Africa Wine CEO Rico Basson. “This industry stands resilient. Despite f luctuations in harvest yields and vineyard surface areas, we are primed and prepared to supply the world with exceptional quality and distinctive wines.”The industry has faced a diverse and demanding range of climatic events, from frost and heavy winter rainfall to f loods and wind. Despite this, the 2024 wine harvest – including juice and concentrate for non-alcoholic purposes, wine for brandy, and wine for distilling – is estimated to amount to 857.1 million litres, at a recovery of 780 litres per tonne of grapes.South Africa is the world's seventh-largest wine producer, producing approximately 4% of the world’s wine. The wine industry contributes more than R56.5 billion to the country’s GDP and employs 270 364 people across the value chain, of which 85 962 work on farms and cellars.Basson said the wine industry remained on its strategic repositioning path. “We are shifting our focus to value growth,” he said, indicating that the goal was not only to grow the wine sector but also to deliver sustainability, while maintaining the high-quality product that local and international markets have come to expect.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

September 2024 Compendium

View PDF
Shift to LCL to save freight costs
11 Sep 2024
Trade grows with support from SADC EPA
11 Sep 2024
A fearful continent
11 Sep 2024
Vehicle exports to EU grow
11 Sep 2024
Stormy times for shippers
11 Sep 2024
Aviation costs on the rise
11 Sep 2024
LCL imports from all major European ports
11 Sep 2024
SA makes strides in export diversification
11 Sep 2024
Intra-Brics agri trade remains low
11 Sep 2024
Wine industry shifting to value growth
11 Sep 2024
Regulatory changes pose challenges
11 Sep 2024
Additional investment required to accelerate growth
11 Sep 2024
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
BMA officials arrested for enabling illegal immigration
24 Apr 2025
More

Featured Jobs

New

Transport Clerk (DBN)

Tiger Recruitment
Durban (New Germany)
09 May
New

Operations’ Coordinator

Brinks Security PTY LTD
Johannesburg
09 May

Cost Estimator - Durban North

Lee Botti & Associates
Durban
07 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us