Tridge summary
Italian wine exports have experienced a positive recovery in the first two months of 2024, with a 10% increase in value reaching 1.15 billion euros, despite a poor vintage in 2023. This recovery is primarily due to an 8% increase in volume to 3.2 million hectoliters. The UK market has seen exceptionally positive growth of 20%, although this may not be sustainable. On the other hand, there has been a decline in sparkling wine exports to the American market by 6%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
After the decline in 2023, Italian wine exports are recording a good recovery in the first two months of the year. After the +13% in January, on a slightly more difficult basis, February was also positive, +6% for a balance of the value of exports at +10% in the two-month period, i.e. 1.15 billion euros. In addition to the starting point, which will become even easier in the central months of 2024, a couple of notes need to be made. First, exports are growing above all thanks to the volume, which grew by 8% to 3.2 million hectoliters: as we know, the 2023 vintage was poor and this at a certain point will become a brake. Second, despite the short period and the data still being volatile, the UK data, +20%, are exceptionally positive and probably not sustainable, partially offset by ...
Source: Inumeridelvino
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