Negative impact on Spanish wine exports in August 2024

Published 2024년 11월 2일

Tridge summary

The Spanish Wine Market Observatory has reported a significant decline in Spanish wine exports in August 2024, with a 21.2% drop in volume and a 3% decrease in value compared to August 2023. The first eight months of 2024 showed a slight growth in value but a decrease in volume year-on-year. The United States and Belgium were the leading markets for Spanish sparkling wines, while the United States, United Kingdom, and Germany were the main markets for packaged still wines. The Spanish wine industry is facing challenges, with falls in volume and value in some key destinations, and a need for wineries to adapt their strategies.

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

Original content

The month of August 2024 marked a time of decline in Spanish wine exports, with the 2024/25 wine campaign starting with discouraging figures, especially in terms of volume, according to data from the Spanish Wine Market Observatory report. The decline in Spanish wine exports reflected a 21.2% drop in volume, which translated into 124.1 million litres exported, a figure that represents a decrease of 33.3 million litres compared to August 2023. This decline was accompanied by a reduction in the value of exports, which fell by 3%, reaching 194.8 million euros, that is, 6 million euros less compared to the previous year. Over the first eight months of 2024, Spanish wine exports achieved a slight growth in value of 1.7%, reaching 1,922.5 million euros, which represents an increase of 32.5 million euros compared to the same period in 2023. However, the volume exported showed a drop of 2.9%, reaching 1,306.9 million liters, 39.5 million liters less than in the same period of the previous ...

Source: Agromeat