Wine's belated globalization, 1845 to 2025
Kym Anderson and
No 2021-01, Wine Economics Research Centre Working Papers from University of Adelaide, Wine Economics Research Centre
The latest wave of globalization has seen the share of global wine production crossing national borders treble, to more than 40. Prior to the 1980s, wine was confined mostly to southern Europe with very little trade outside that region. Why was wine globalization so belated? Why did it take so long for wine exports to take off even in the New World regions of European settlement? This article addresses these questions and also seeks to explain the bilateral patterns of wine trade. It concludes by speculating briefly on how wine markets might develop in the foreseeable future.
Keywords: Growth in wine trade; Late emergence of New World wine exporters; Changes in beverage tastes; Premiumization of wine consumption; Beverage market projections (search for similar items in EconPapers)
JEL-codes: F14 F17 L66 Q11 Q17 (search for similar items in EconPapers)
Pages: 68 pages
New Economics Papers: this item is included in nep-agr, nep-his and nep-int
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Journal Article: Wine's belated globalization, 1845–2025 (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:adl:winewp:2021-01
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