Argentina's wine and must exports increase in the first eight months of 2024

Published 2024년 9월 11일

Tridge summary

In 2024, Argentina's wine sector saw substantial growth, with bulk wine sales up by 17.5% and bottled wine sales increasing by 3.8%. From January to August, wine exports totaled 137 million liters, with bottled wine making up 76.4% of this volume. Concentrated must exports surged by 110.8% in volume and 82.8% in earnings. Despite a slight decrease in the average price of exported wine, the sector's foreign exchange earnings rose by 11.3% to $553.7 million. The sparkling wine and varietal wine segments also experienced notable growth, highlighting the sector's economic significance and strong international demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This increase is mainly driven by bulk wine sales, which experienced a significant jump of 17.5%, while bottled wine, although with a more moderate increase, also contributed with 3.8%. The total volume exported in the cumulative period from January to August reached 137 million liters, which represents 8.7 million liters more than in the same period of the previous year. Of this total, 104.6 million liters correspond to bottled wine, which continues to be the largest proportion of Argentine wine exports with 76.4% of the total, while bulk wine represents 23.6%. In addition to the remarkable performance in wine exports, concentrated must was another of the star products of the Argentine wine sector in 2024. Until August, exports of this by-product registered a notable growth of 110.8% in volume and 82.8% in foreign exchange earnings compared to the previous year. These figures reflect the boom in international demand for Argentine must, driven mainly by its competitiveness in the ...
Source: Infobae

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