Wine Exports Italy – Update August 2024

August is obviously an intermediate month for wine exports, as they hit their seasonal minimum, before the key season culminating in October and November with shipments of sparkling wines for the holidays. The trend in August did not change the cards on the table. Exports fell by 1%, slightly reducing the cruising speed of 2024 to 4% and that of the last 12 months to 2%. A peek at the data from our French cousins tells us that over the same period of 8 months, their exports fell by 7% (7.4 billion euros, against our 5.2) and that their month of September already available is +2%, reducing the decline over 9 months to 6%. We will comment on these data just before Christmas, given that the Coeweb Istat calendar says 11 December 2024 for the update. I introduce you to a new analysis, which you can see in the graph above, which tells you how much current exports are (last 12 months) per country compared to the pre-Covid level (2019, for simplicity). From the graph you can intuit two ...