Italian wine exports update on September 2024

Published 2024년 12월 15일

Tridge summary

Italian wine exports in September saw a significant increase of 13% compared to the same month the previous year, following a 10% decline in the previous year. The nine-month period saw a 5% increase in exports, despite challenges in the French wine industry. Total exports surpassed 8 billion euros for the first time in history. The North American market, in particular, showed strong growth with the USA and Canada experiencing increases of 13% and 100% respectively. The price effect also contributed to the growth with a 7% increase in September. Canada has now become the fourth largest market for Italian wine exports.

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

Original content

As you may have already read, September was a great month for Italian wine exports, with an increase of 13% over the previous year, when exports themselves had fallen by 10%. In turn, exports had then grown by 8% last year in October, which will make for a difficult comparison. In any case, Italy “puts away” an increase of 5% over the 9 months, which considering what is happening in France is a rather positive result. Over the 12 months, we have risen above the psychological threshold of 8 billion euros, which is the first time in the history of our exports. The second piece of good news is that a “price effect” is starting to be seen, 7% in September, 3% over the first 9 months of the year: it will be from this component that we will have to try to grow in the coming months (and years). The North American market is particularly lively for our wine (USA +13% and Canada +100%) even if as I said above the basis of comparison was easy (-15/20% for both). Note ...

Source: Inumeridelvino