Tridge summary
Italian wine exports experienced a 16% increase in April, contributing to an overall growth of 7% in the first four months, reaching 2.53 billion euros. The 12-month total also saw a slight increase to 7.93 billion euros, despite a setback in March. The rise is attributed to favorable comparisons and the timing of Easter. Sparkling wines outperformed still wines with a 23% and 15% growth respectively. Notably, Russia's market experienced a significant surge, with a 75% monthly increase and a 126% growth over the past four months, returning to a 4% share of the total market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
With a leap of 16% in the month of April, Italian wine exports closed the first four months at +7% (2.53 billion euros) and brought the clock of the last 12 months back to zero, i.e. 7.93 billion already seen these times just a year ago. The April data taken individually has little relevance, being impacted by the timing of Easter (which had had a negative impact in March, -4%) and by a more favorable basis of comparison (April 2023 was the first negative month of the year , -4%), but the result is certainly positive, especially since one of the two components (that of the favorable comparison base) will also recur in the next 5 months, from May to September inclusive. It is useless to recall the usual hierarchies, sparkling wines better than still wines (+23% versus +15%). It is perhaps worth making one of the other usual considerations on these pages: the data remain strongly driven by volumes and not by the price/mix: ...
Source: Inumeridelvino
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