Negative impact on Spanish wine exports in August 2024

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 ...