Wine, Uiv-Ismea Observatory: positive first semester (+2.4% volume) but trend in decline over four months

Wine Frescobaldi changes to the OCM Notice for the Promotion

(Finance) – With almost 3.9 billion euros And 10.6 million hectolitres exported the Italian wine closes the first half of 2024 with a positive balance sheet both in terms of volumes (+2.4% year-on-year performance) and values ​​(+3.2%). A result, the one photographed by the Istat data processed by the Uiv-Ismea Observatory a few days after the presentation – together with Assoenologi – of the harvest estimates on the next 24th September in Ortigia (SR) in the days preceding the G7 Agriculturewhich however records a slowdown in international markets compared to the first four months.

The first half of 2024, in fact, closes with less brilliant results than expected. It is true that the comparison with the same period in 2023 is positive, but it is equally true that the spring has certainly dampened the enthusiasm because with the data of the four-month period there were still growths of 6-7%. sparkling wines have returned to driving national exports with +11% in volume (Prosecco in the lead at +13%) and +7% in takings. Net of the increase in bubblesthe trend of exported quantities would be flat (+0.1%). Loose and bag in box have seen deliveries abroad drop by 6% and 5%. The Bottled wines thanks above all to the IGTs. The still DOPs closed stationary (+0.2% volume and +0.7% value), while the common wines recorded a -2.9% volume and +3.9% in value.

Among the client countries, the situation worsened compared to April performance in volume throughout the top 10, with USA (+2%) and of the United Kingdom (+2.3%) which still maintain slight positive signs, while the Germany drops to -1.2%. More significant red signs for Swiss (-3.8%), Canada (-1.4%) and France (-10.8%).

On the value front, among the regions it extends the Veneto at +5.7% (to 1.4 billion euros), while the Tuscany (+3.5%) exceeds the Piedmont (-2.2%).

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