Switzerland: 2023 update for wine imports

Other Wine
Published Feb 26, 2024

Tridge summary

The 2023 Swiss wine market data reveals a slight decline in wine consumption, despite a shift towards French wines over Italian ones in the 1.27 billion euro market. The decrease is more pronounced when considering the data in francs. However, sparkling wines have bucked this trend, showing a 10% increase.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The 2023 data for wine exports to Switzerland are slightly negative, with a better trend for French wines (+2%) than for Italian ones (stable), as part of a shift that has lasted for a few years (+6% for French wines on average over 5 years, +4% for Italian ones). We are talking about a 1.27 billion euro market, therefore significant, which in the last two years has benefited from the strong revaluation of the local currency (which has probably come to an end, given the initiatives that the central bank wants to put into practice to protect national production) . Therefore, if we take the data in euros it shows -1%, the first negative year of a five-year series of +5%. If instead we take the data in francs, we read -4% and, from a 5-year perspective, only +1%. The Swiss therefore spend just over 5 years ago to drink slightly less (-6% from 2022 and -1% per year from 2018, including the "backlash" of Covid). Note the very positive trend of ...
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