Italy: Wine Market 2024

Wine Market Size in Italy

The Italian wine market surged to $X in 2022, growing by X% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Wine Production in Italy

In value terms, wine production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in the near future.

Wine Exports

Exports from Italy

In 2022, the amount of wine and grape must exported from Italy shrank to X litres, with a decrease of X% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X litres in 2021, and then fell modestly in the following year.

In value terms, wine exports contracted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

Germany (X litres), the United States (X litres) and the UK (X litres) were the main destinations of wine exports from Italy, together comprising X% of total exports. France, Canada, Switzerland, Belgium, the Netherlands, Russia, Sweden, Austria, Japan and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for wine exported from Italy worldwide, with a combined X% share of total exports. Canada, Switzerland, France, Belgium, the Netherlands, Japan, Sweden, Russia, Denmark and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Italy

In 2022, after two years of growth, there was significant decline in overseas purchases of wine and grape must, when their volume decreased by X% to X litres. In general, imports recorded a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X litres, and then dropped remarkably in the following year.

In value terms, wine imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, Spain (X litres) constituted the largest wine supplier to Italy, accounting for a X% share of total imports. Moreover, wine imports from Spain exceeded the figures recorded by the second-largest supplier, France (X litres), sixfold. South Africa (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and South Africa (X% per year).

In value terms, France ($X) constituted the largest supplier of wine and grape must to Italy, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

The average wine import price stood at $X per litre in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform