Advertise with

Demand for Italian wine grows by 46% in Russia.
Demand for Italian wine grows by 46% in Russia.

Demand for Italian wine grows by 46% in Russia


ESM - Nov 27th 2017, 14:22

Russia, one of the top ten leading wine importers in the world, is the country where demand for Italian wine has grown the most, increasing by 343% over the past decade. 

The figure comes from the president of Veronafiere, Maurizio Danese, at the 14th edition of Vinitaly Russia in Moscow and St. Petersburg, with the participation of 180 representatives from the wine industry, reports Ansa.

Danese pointed out that Russia recently overtook Japan and Sweden, becoming Italy’s sixth largest market for wine exports. If the positive trend in the first eight months of 2017 (growing by 45.6% year-on-year to €134.6 million) is confirmed, Italy’s total exports could surpass €200 million.

French Threat

However, in the US, Italy has lost its leadership position to France as the main wine supplier, based on data published by Business Strategies, a Florence-based consulting firm specialising in wine exports, and Nomisma’s Wine Monitor.

Wine imports from France during the third quarter of 2017 amounted to €1.22 billion, according to US Customs data, compared to Italian wine imports of €1.21 billion. Italy has been the main wine exporter to the US since 2002.

In the first nine months of 2017, French wine imports grew by 18.8%, while Italian wine sales grew by only 3%, a figure below the overall US wine import growth rate of 8%.

As a result, Italy has seen its market share in the US drop from 32.7% to 31.1%.
Content ©2017 European Supermarket Magazine 

Read more about: wine | russia | italian wine | imports

Related News

SA dairy exports doing well
16/04/2019 - 15:42
Dairy imports for February were 4 110 tons at a cost of R172 million. South Africa imported mainly from France (28%) New Zealand (28%), Germany (13%), Poland (8%) and Ireland (4%). Dairy imports for this year are low compared to last year, largely due to limited UHT imports. The main dairy products imported in February were whey (34%), milk powder (22%) and cheese (18%). UHT as a percentage of total imports was less than 1%.

Cathedral Cellar comes to life with augmented reality labels
09/04/2019 - 10:29
Cathedral Cellar is relaunching globally with wine labels which allow wine enthusiasts to invite its winemaker, Wim Truter, to their dinner time conversation, via augmented reality technology.

2019 Wine grape harvest may be smaller
27/03/2019 - 10:20
With close to two-thirds of this season’s wine grape harvest already in cellars, the most recent estimate indicates that the harvest may be somewhat smaller than the previous year.

Global tomato juice market - Key findings and insights
18/02/2019 - 13:45
In 2017, the global tomato juice market amounted to 5.7M tonnes, remaining relatively stable as in the previous year. After a moderate decline in the volume of consumption from 2007 to 2009, consumption then regained an upward trend, increasing strongly through to 2013 and then levelling off over the next four years. Overall, the market volume increased at an average annual rate of +1.3% over the period from 2007 to 2017.

Cape wine production set to be low after 3-year drought
07/02/2019 - 19:19
The Cape's three-year drought has taken its toll on the wine industry and early indications are that this year's harvest will be even lower than the poor 2018 harvest.