The Dutchman won 19 of the 22 races, with only one victory escaping Red Bull and going instead to Ferrari.
Meanwhile, Mercedes finished a distant second in the constructors’ championship after failing to win a race.
Wolff says that despite Red Bull's success, interest in F1 is still high and that Red Bull’s rivals simply have to do a better job.
“The numbers that we're seeing, they are strong,” said Wolff. “We are growing on social [media], we see races that are packed and sold out.
“As a matter of fact, it is all around the spectacle. If the spectacle is not good our fans are going to follow us less.
"But I think what I always say in the sport, I like the honesty. The spectacle follows the sport. And the sport, this is a meritocracy. Whoever is doing the best job wins.
“And if somebody is doing a much better job than everybody else, then they are winning 19 races.
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"And you can't stop that as a matter of fact, so it is us and Ferrari and all the other teams that have to do a better job in order to compete with Red Bull Racing, and we can't change anything.
Source: Autosport