Tridge summary
Italian wine exports in the first quarter of the year saw a growth of 4% in value and 3% in volume, totaling 1840 million euros and 5.1 million hectoliters respectively. Despite this positive trend, there was a slight decline in the last month, possibly due to Easter. The majority of the growth was driven by a 143% increase in exports to Russia, which accounted for 2.6% of the total exports. The growth would have been 1.1% without the increase in exports to Russia. However, there is a concern as the growth is primarily driven by volume rather than price/mix, which could lead to negative data in the future.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The figure for the first quarter of Italian wine exports is decidedly satisfactory and rightly celebrated: 1840 million euros, +4% with a volume of 5.1 million hectoliters +3%. However, three aspects should be highlighted: first, that the exit from the quarter was slightly negative (-4%), although Easter could be the fault. Second, and this is the important point, that if it had not been for the jump in exports to Russia (I underline, Russia, +143% in the quarter), the growth would have been 1.1%, given that of 68 million euros of major exports, 49 come from that country. For greater clarity, you will find below in the continuation of the comment and the tables, the data to date of wine exports to Russia in the last 12 months: 207 million euros, the maximum for 10 ...
Source: Inumeridelvino
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