In the first five months of 2022, shipments of Italian wine abroad show no signs of decelerating, exceeding the 3 billion euro quota, up by 14.2% on the same period of 2021 and, even more interestingly, by 21.3 % on 2019, the last year before the pandemic started, as reported by the Istat data updated to May 2022, analyzed by WineNews.
The unknown factor is represented by inflation, which in Italy, in May, had reached + 6.9%, with the wine sector facing not only an increase in energy costs, but also the lack of materials such as bottles, caps, labels, and cartons. On the one hand, therefore, the direct effects of the Russian war in Ukraine, and its enormous geopolitical consequences, on the other an economy that still seems to be paying for the slowdowns, delays, and stops of the Chinese giant.
SOURCE: https://winenews.it
The Wine Consortium of Romagna, together with Consulate General of Italy in Boston, the Ho...
Wine has a long, rich history as a cooking liquid. One of the early "cookbooks," compiled...
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturi...
Saturday September 19, 11 AM/5 PM - Raffaldini Vineyards & Winery - 450 Groc...
Saturday, August 1 - 12.30 EDT / Valenzano Winery - 1090 Route 206, Shamong, New...
The President of the Italian Wine & Food Institute cordially invite you to celebrate:...
Miami-born and Italy-raised, jewelry designer and accomplished equestrian Lucrezia Buccell...
Iconic Italian design brand Alessi is celebrating its centennial with an exhibition titled...