Portugal: Wine exports rose in the first half of the year

Published 2024년 8월 13일

Tridge summary

Portuguese wine exports experienced a slight increase in value but a larger increase in volume in the first half of the year, according to ViniPortugal. The value increased by 1.25% to 452.4 million euros, while the volume increased by 8.58% to 171.5 million liters. Despite the increase in volume, the average price decreased by 6.52%, indicating pressure on global wine stocks. France, the USA, and Brazil were the top export markets, and France led in liters exported. ViniPortugal's President, Frederico Falcão, highlighted the resilience and quality of Portuguese wine despite the pricing challenges and expressed commitment to promoting and maximizing the value of the wines on the global market.

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Original content

Portuguese wine exports reached 452.4 million euros in value terms in the first half of the year, representing a slight increase of 1.25% compared to the same period last year, according to data from ViniPortugal. In terms of the volume of liters exported, the Interprofessional Wine Association revealed an increase of 8.58%, to a total of 171.5 million liters, with an average price of 2.64 euros/liter. According to the agenda note, “despite the significant increase in volume, this was not accompanied by a proportional increase in value”. The Association therefore states that “the imbalance is the result of a 6.52% decrease in the average price, which reflects the pressure on stocks that is being felt in the global wine sector”. In terms of export markets, France stands out, with 53.4 million euros, followed by the United States of America (USA), with 50.1 million euros, and Brazil, with 38.9 million euros. In terms of export volume, in liters, France maintains its leading ...

Source: PTvidarural