Wine and exports, timid signs of recovery: values at -0.7% in first 8 months 2023, volumes at +0.8%

Nov 22, 2023 871

From the markets of the world come faint signs of recovery for Italian wine exports: according to data on the first 8 months of 2023, updated today by Istat, values remain negative on 2022, but only by -0.7% (on -1.2% in the 7 months), 5 billion euros, while in volume there is even a return to positive, albeit by a modest +0.8%, compared to the -1.2% of the figure updated in July, for 14 million hectoliters.

All this in a complex situation, then, where the macroeconomic framework and international tensions continue to weigh heavily (despite which Russia continues to grow in double digits, ed.), with the best results coming from the markets of neighboring Europe, while they continue to mark “deep red” both North America, where the U.S., in particular, is still disposing of the considerable stocks accumulated in 2022, but where Canada is also doing badly, more or less due to the same dynamics, and Asia.

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SOURCE: https://winenews.it/

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