Of the top three wine producing nations in the world, Italy was the only one to see growth in 2021, according to a Mediobanca study. Italy produced 50.2 million hl of wine in 2021, up 2% on the previous year, ahead of France with 37.6 million hl (-19% due to adverse weather conditions) and Spain with 35.3 million hl (-14%).

The USA was the top wine consuming nation during the period, with consumption of 33.1 million hl (+1%), edging out France with 25.2 million hl (+9%) and Italy with 24.2 million hl (no change on 2020).