Tridge summary
Portuguese wine exports increased by 3.9% in value during the first half of 2023, reaching a total of 447.6 million euros. The growth was attributed to increased raw material availability and a normalization of external markets after the conflict in Ukraine. Exports to the United Kingdom, Brazil, and Angola saw significant growth. Subsequently, exports of non-Port wine also showed positive results, with an increase in volume, value, and average price compared to the same period in 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Portuguese wine exports increased by 3.9% in value during the 1st half of 2023, compared to the same period last year. This made it possible to reach a value of 447.6 million euros, an increase of 16.8 million euros compared to last year, reveal data released by ViniPortugal based on the National Institute of Statistics. As explained in a statement, exports also reached 158.3 million liters and an average price of 2.83 euros per liter, an increase of 3.4 million liters in volume (+2.19%) and 0. 05 euros in the average price per litre. When compared to 2021, the growth in value was lower, being only 2.29%. This is due to the 1.55% drop in the 1st half of 2022, compared to the same period of the previous year. The percentage is based on the updated value of 430.8 million instead of the 432 million initially released last year. ViniPortugal also highlighted the growth in wine exports to the United Kingdom in the amount of 13.3 million euros, as well as Brazil with 6.1 million euros ...
Source: PTvidarural
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