The challenge for Spanish wineries this year, is to achieve a greater value of Spanish wine with a smaller volume of wine available for sale. That should be the objective for the wineries after observing the analysis carried out by the Observatorio Español del Mercado del Vino (OEMV), of the situation of the 2017/18 campaign and the prospects for the commercialization of Spanish wines. According to the study, the Spanish wine faces the consequences of the low vintage and the high prices reached by the grape. It must also continue with the improvement in the positioning of Spanish wines in international markets, in order to achieve better sales prices due to the high quality value of Spanish wines.
The OEMV forecast a loss of markets in terms of volume, especially in exports of wines of lower average value. A decline in the margins of the wineries is also forecast, due to the difficulty of transferring the price raises of the harvest, especially in the producers which sales of year wines.