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Gastronomy and Wine Portal

Italian wines

Italian wines: exports are growing

15.09.2021, Analytics

The exports of Italian wines in the first half of 2021 increased by 16%.

In the first half of 2021, Italian wine exports in value increased by 16% to 3.3 billion euros, largely driven by strong performances among sparkling wines and wines from Piedmont and Tuscany.

By the end of the year, exports are expected to reach a record high of 7 billion euros, with Italian sparkling wines up 26% and still wines up 16%.

Bag-in-box wine exports, which saw an increase in the previous period thanks to lockdowns, are now down 7%, in part due to competition from Spanish producers.

According to the data released by Unione Italiana Vini, the leading export market is the United States, where Italian sparkling wines grew by 75% between 2015 and 2018, followed by France with an increase of + 45%. In the first half of 2021, exports of Italian still bottled wines increased by 12% in the US, 18% in Germany and 19% in Canada. In the UK, still wine exports fell by 8%.

Among the Italian regions, Piedmont holds the lead, with its exports growing by 24%, while exports from Tuscany have grown by 20%.

Giovanni Mantovani, general manager of Veronafiere and Vinitaly, said: “The sector has, hopefully definitively, emerged from an unprecedented crisis. Now, particularly with our iconic wines, we are at the centre of the phenomenon linked to post-Covid revenge consumption: a driving effect from which to start again, consolidating market shares even more.”

Photo: winescholarguild.org