Tridge summary
January witnessed a notable increase in wine exports, breaking a trend of declines with a 14% rise to 539 million, despite a slight annual decrease of 0.4%. This resurgence was primarily fueled by the American market's renewed interest in still wines, which, along with sparkling wines like Prosecco, contributed to the positive trend. The growth was also supported by rising exports to Switzerland and Canada, the latter showing a steady recovery. This improvement comes amidst concerns over a poor harvest and gloomy global consumption forecasts, highlighting the export volume as the main growth driver.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
January was a positive month for wine exports, as you can see above after a series of negative months, interrupted only by October. In detail, with 539 million and an increase of 14%, the annual trend is moving towards stability (-0.4% for lovers of precise numbers). At the origin of this improvement, as can be clearly seen from the graph, is the slight recovery of the American market (for still wines), which both in October (+19%) and in January (+14%) had a very strong trend. above average. However, the positive data recorded by Switzerland (+9%) and above all by Canada, which seems to have gotten back on track for a few months, should not be underestimated either. Finally, the data on sparkling wines are positive, again driven by Prosecco (+17% over the month and +6% over the last 12 months). One final note: the main growth ...
Source: Inumeridelvino
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