Italian Wine Exports To US Grow In Value In 2016

Feb 07, 2017 961

Italian wine exports to the US in 2016 reached 2.53 million hectolitres and $1.33 billion – a decrease of 0.5% in quantity, but an increase of 3.1% in value, compared to 2015. If table wines are added to sparkling wines, liqueur wines and vermouth, total Italian exports reached €1.8 billion, according to a report by the Italian Wine & Food Institute (IWFI).

Italy accounts for 33% in value and 29% in quantity of the US wine-import market. The average price of bottled Italian wine is about $5 per litre, compared to $9 for French wine (the most expensive) and $3 for Australian wine (the least expensive). There has also been a substantial increase in exports of Italian sparkling wine, estimated by the IWFI to be 632,258 hectolitres (+30.8%), for a value of $353.45 million (+36.4%).

Read more

SOURCE: http://www.esmmagazine.com

You may be interested