Italy's 2023 wine exports update

The final data on Italian wine exports have arrived. Let's say straight away that -1% is among the "least worst" on the global scene. So, not a good year but, as we will see in a few weeks, among the least bad. The French and the Spanish did a little worse (but not much), the wines of the new world were in free fall, except for Australia (which had already fallen before). So we are at 7.8 billion, -1%, with a slightly more pronounced drop in volumes, -2% to 21.5 million hectoliters. We fell in North America and Switzerland, we grew slightly in Germany and the United Kingdom. In our hopes, we replace China (-10%) with Poland and the other Eastern European markets, while among the large wine markets, France is certainly the best. Sparkling wines are normalizing with a slight growth, bottled wines are decreasing slightly (-3%). 2024 opens with numerous question marks, not least a much poorer harvest than usual (38m/hl for the ministry, 42m/hl for Istat, still ...