Italian wine exports remain in positive territory

Published 2024년 9월 3일

Tridge summary

The Uiv-Vinitaly Observatory has reported a sluggish first half of the year for Italian wine exports to non-EU countries, with a total export volume of nearly 4.7 million hectolitres valued at €2.1 billion. Despite a slowdown, these countries continue to fuel the market, with South Korea, Mexico, and Australia experiencing increased demand. However, top non-EU markets, including Russia, Japan, the UK, Switzerland, Canada, and China, have seen a decrease in orders, leading to a halt in volume growth and a decline in the average price of Italian wine by 1.5%. The US market shows a slight decline in still wine but a growth in sparkling wine, indicating a shift in consumer preference.

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

Original content

Exports in the first half of the year to countries outside of the EU remain in positive territory for Italian wine, according to the latest set of data. Figures from the Uiv-Vinitaly Observatory (UVO) found that almost 4.7 million hectolitres of wine have been exported between January and June to the value of €2.1 billion. The news means that non-EU countries have “confirmed their position as the driving force of the market”, the UVO said, in the face of demand which had been “significantly cooler up to now”. But it did also report there had been a slowdown after a strong start to the year, as predicted by the observatory, with a progressive showdown in the final month of the first half of the year, with a 10% decline in volume and 7% decline in value. Compared to the first 5 months of 2024, the total volume of the half-year went from 10% in May to a still positive 6.3% by the middle of the year, while in value the figure went from 7.3% to 4.7%. While South Korea, Mexico and ...

Source: Thedrinkbusiness