In 2022, the majority of wine producers in South Africa were making low profits at a net farm income level, with a share of 50 percent. Following this, approximately 38 percent of wineries made losses, whereas only nine percent made profits at sustainable levels. The declining profits of wine producers is due to a combination of drought, recovering from the ban on alcohol in South Africa during the COVID-19 pandemic, and geopolitical factors.
Profit margin of wine producers in South Africa in 2022
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Vinpro. (March 29, 2023). Profit margin of wine producers in South Africa in 2022 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1416745/profit-margin-of-wine-producers-in-south-africa/
Vinpro. "Profit margin of wine producers in South Africa in 2022." Chart. March 29, 2023. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1416745/profit-margin-of-wine-producers-in-south-africa/
Vinpro. (2023). Profit margin of wine producers in South Africa in 2022. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1416745/profit-margin-of-wine-producers-in-south-africa/
Vinpro. "Profit Margin of Wine Producers in South Africa in 2022." Statista, Statista Inc., 29 Mar 2023, https://www.statista.com/statistics/1416745/profit-margin-of-wine-producers-in-south-africa/
Vinpro, Profit margin of wine producers in South Africa in 2022 Statista, https://www.statista.com/statistics/1416745/profit-margin-of-wine-producers-in-south-africa/ (last visited November 17, 2024)
Profit margin of wine producers in South Africa in 2022 [Graph], Vinpro, March 29, 2023. [Online]. Available: https://www.statista.com/statistics/1416745/profit-margin-of-wine-producers-in-south-africa/
