Spirits made in Italy, 4.8 billion market with growing exports

Published 2024년 6월 18일

Tridge summary

The Italian spirits sector has seen significant economic growth, with a turnover of 4.8 billion euros and exports valued at 1.7 billion euros, accounting for 3% of the overall food & beverage exports in Europe. The sector, which includes 578 companies and provides employment for over 6,200 people, has experienced a 154% increase in export growth over the past decade. The sector also has a strong connection to local suppliers, with 35 Geographical Indication products. The industry's body, Federvini, emphasized the need for responsible consumption of alcoholic beverages and expressed concerns over regulatory measures and commercial tensions that could potentially harm the competitiveness of the spirits industry.

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

Original content

Turnover of 4.8 billion euros and a turnover of 1.7 billion euros in terms of exports (3% of the overall food & beverage share). Export growth is 154% in the last ten years. These are the economic numbers of the Italian spirits sector generated by 578 companies with over 6,200 workers employed. The sector was discussed in Rome on the occasion of the general assembly of "SpiritsEurope", opened with a greeting from Micaela Pallini, president of Federvini. The economic report of the Federvini Observatory, presented by Nomisma during the Assembly, also records that the Italian spirits supply chain has 35 Geographical Indication products, which represent 14% of the total European GIs and which demonstrates - the analysts highlight - a strong link with the reference territories (82% of food supplies come from local suppliers). As part of the assembly, part of the work - a note informs - was dedicated to the theme of promoting the responsible consumption of alcoholic beverages, which ...

Source: Il sole 24 ore