Spanish wine exports grow by 8% in volume and 5.5% in value in the first quarter

Published Jun 22, 2024

Tridge summary

Spanish wine exports have experienced a positive growth in the first four months of 2024, with an increase of 7.9% in volume and 5.5% in value compared to the same period in 2023. This growth is primarily due to the performance in January, February, and April, which offset the negative performance in March. In April, exports saw a significant increase of 18.2% in value and 16.3% in volume compared to April 2023. However, the data for the first nine months of the 2023/2024 campaign showed a slight decrease in value but an increase in volume. Packaged wines, which make up 81.6% of the total value of Spanish wine exports, have seen a decrease in both volume and value year-on-year, while bulk wines have seen an increase in value and volume. The United States continued to be the top destination for Spanish bottled wines in value, while Germany surpassed Portugal as the leading destination in volume.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Spanish wine exports have grown by 7.9% in volume and 5.5% in value in the first four months of 2024 compared to the same period in 2023, totaling 702.7 million liters and 976.1 million euros, respectively, according to data published by the Spanish Wine Market Observatory (OEMV). In a report, the observatory details that this positive performance is mainly due to the good data in January, February and April - the last month analyzed -, which have compensated for the poor performance in March, which ended in negative numbers. In April of this year, exports have grown by 18.2% in value and 16.3% in volume, up to 259 million euros and 183.1 million liters, respectively, compared to April 2023. The data referring to the first nine months of the 2023/2024 campaign (from August 2023 to April 2024) show a drop of 0.9% in value, to 2,192.7 million euros, but a growth of 0.2% in volume, up to 1,539.8 million liters. In the accumulated of the last 12 months until last April, exports have ...
Source: Agropopular
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.