Wine: A subdued 2023, but Italian exports are holding up more than their competitors

Published 2024년 3월 12일

Tridge summary

Italian wine exports in 2023 experienced a slight decrease of 1% in volumes and 0.8% in values, marking the third negative annual budget in the new millennium due to cyclical and structural factors. Despite the decline, Italy remains the leader in exported volumes, outperforming Spain which saw a 4.1% drop. There was a significant decrease in still wines with denomination in the bottle, particularly red wines, while bulk wines destined for Germany increased by 12%. Sparkling wines experienced a 2.3% volume decrease but a 3.3% value increase. The export performance varied between the EU and non-EU countries, with Germany being the only top 5 buyer showing positive results.

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

Original content

- Italian wine exports close on 2023 with a trend decline of 1% in volumes (21.4 million hectoliters) and 0.8% in values, to just under 7.8 billion euros. Yes it concerns, as highlighted by the elaborations of the Uiv-Ismea Observatory on an Istat basis, the third budget annual negative recorded in the new millennium, after the economic-financial crisis of 2009 and the Covid effect of 2020. But unlike the previous two, he notes the Observatory, this year's data highlights not only certain difficulties by cyclical variables but also by structural factors, which Furthermore, they seem to unite all the main producing countries. Italy However, it confirms its leadership in exported volumes with Spain which drops to just over 20 million hectoliters (-4.1%). Compared to the slight overall contraction, yes intensify the difficulties of those typologies and production areas that are the flag of the made in Italy oenological. This is the case of still wines with denomination ...

Source: ITIsmea