Portuguese wine exports grow by more than 8.5% in volume

Published Aug 19, 2024

Tridge summary

In the first half of 2024, Portuguese wine exports experienced a growth of 1.25% in value and 8.58% in volume compared to the same period in the previous year. The total value of exports reached 452.4 million euros, and the volume reached 171.5 million litres. Despite the increase in volume, there was not a proportional increase in value due to a 6.52% decrease in the average price, reflecting pressure on global wine stocks. The main export markets were France, the United States, and Brazil, both in value and volume, except for Angola, which led in volume but not value. ViniPortugal emphasizes the resilience and quality of Portuguese wine despite the challenge of declining average prices.

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

Original content

Total Portuguese wine exports recorded significant growth in the first six months of 2024, showing an increase of 1.25% in value and 8.58% in volume, compared to the same period in the previous year. In the first half of 2024, a total of 452.4 million euros and 171.5 million litres were recorded, with an average price of €2.64/litre. Despite the significant increase in volume, this was not accompanied by a proportional increase in value. This imbalance is the result of a 6.52% decrease in the average price, which reflects the pressure on stocks being felt in the global wine sector. In terms of export markets, those that stand out most in terms of value (euros) are France (€53.4 million), followed by the United States of America (€50.1 million) and Brazil (€38.9 million). In terms of export volume (litres), France maintains its leading position (17.5 million litres), followed by Spain (16.4 million litres) and Angola (15.3 million litres). “In the first half of this year, we have ...

Source: AgroNegocios