From wines, spirits, and vinegars the Italian GDP earns 21.5 billion per year

Published 2024년 1월 24일

Tridge summary

The Italian wine industry, encompassing 38,000 companies, significantly contributes to the national economy with a total of 21.5 billion euros, 10 billion of which comes from exports. The sector employs 81,000 workers and generates 4.2 euros in the national economy for every euro of added value. Despite its success, the industry faces geopolitical, regulatory, commercial, and inflationary uncertainties. The wine, spirits, and vinegar sectors account for 19% of all Italian agri-food exports, contributing 8.4 billion euros to the agri-food trade balance. Italy leads in vinegar exports globally, ranks first for vermouths, and second for bottled still wines and liqueurs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Italian wine supply chain, from field to glass, includes 38 thousand companies and guarantees the country 21.5 billion euros in direct turnover, of which 10 billion comes from exports. The sector's accounts are contained in the supply chain study for wines, spirits and vinegars carried out by Nomisma on behalf of Federvini. From an employment point of view, there are 81 thousand workers employed directly by manufacturing companies. Every euro of added value directly generated by companies in the sector, we read in the study, creates 4.2 euros in the entire national economy thanks to the indirect and induced impacts on other Made in Italy supply chains, from logistics to retail trade, from catering to the real estate sector. «The supply chains we represent take on a strategic importance for the Italian economic system - said the president of Federvini, Micaela Pallini - but our companies are still very exposed to uncertainties of a geopolitical, regulatory, commercial and ...

Source: Ilsole24ore.com