Italian sparkling wine exports, first quarter 2024 update

Published 2024년 6월 18일

Tridge summary

In the first quarter of 2024, Italian wine exports experienced a 4% growth, totaling 493 million euros. Sparkling wines were a significant contributor, increasing by 7% to account for 29% of the total exports. However, the growth is not uniform across markets. There was a notable increase in exports to Russia, but a decline in the USA, particularly in the Prosecco segment. The growth is also concerning as it is based more on volume rather than price mix, raising questions about the sustainability of this trend, especially with reports indicating a decline in global wine consumption volume.

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

Original content

Also in the first quarter of 2024, sparkling wines are driving Italian wine exports. Within a total figure growing by 4%, sparkling wines are at +7% for 493 million euros and (over the last 12 months) now represent 29% of the total exported from Italy. As we said a few days ago, there are some aspects to consider that may make this figure a little less attractive: first, the very important impact of the increase in shipments to Russia (+131% to 40 million in the quarter); second, the decline in the USA (-5% in the quarter, -10% in the key Prosecco segment); third, the fact that our exports continue to ...

Source: Inumeridelvino