Italian wine exports, update November 2023

Published Feb 18, 2024

Tridge summary

As 2023 nears its end, the stabilization of the American and Canadian markets is positively impacting Italian wine exports, especially sparkling wines. Despite unpredictable trends, Italian wine exports are expected to see a minor decline of about 1%, a less severe drop compared to countries like Chile and South Africa. Prosecco is leading the way with a projected 5% increase, contributing 1.6-1.7 billion to the total export value of approximately 7.8 billion.

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

Original content

The stabilization of the American (and Canadian) market in the last two months is giving some breathing space to Italian wine exports in this final phase of the year, also helped by the particularly favorable seasonality of sparkling wines. Although the trends are volatile and difficult to read for the future, at this point we could say that 2023 will end with a very slight decline, around 1%. Nothing compared to what we will comment in the next few weeks for Chile (exports -22%) or for South Africa (-13%) and probably slightly better than France (which should have fallen to around 5%), although it must be said that the French did much better than us coming out of Covid and, in 2023, in the main markets. In any case, ...

Source: Inumeridelvino