Advertise with fastmoving.co.za
 
 

Italian wine exports grow by 4.3% in 2016
Italian wine exports grow by 4.3% in 2016

Italian wine exports grow by 4.3% in 2016

LIQUOR NEWS

ESM.com - Mar 29th 2017, 15:20

Italian wine exports amounted to €5.6 billion in 2016, up by 4.3% on the previous year, according to data from the Italian Wine Union. 

The leading export market, the US, saw a 5.5% growth in value, surpassing €1.35 billion. Sparkling wine, which grew by 31% in value and 24% by volume, has been leading this growth.

In view of the potential of the US market, the Italian Wine Union has teamed up with the Italian Institute for Foreign Trade (ICE) on a promotional campaign that will see €20 million invested over the next three years.

The second largest market for Italian wine exports, Germany, grew in 2016 by +1.7% in value (€977 million) and +0.5% by volume (5.56 million hectolitres). Germany has a special importance for Italian organic wine, being the first importer with a 38% stake.

The UK is the third largest export market and is worth €764 million (+2.3%). It is also the number one export market for Italian sparkling wines, with one million hectoliters in 2016, with a value of over €365 million (+33%).

China remains a country with great opportunities for the Italian wine sector as it has among the highest growth rates worldwide, both for consumption and imports. In 2016, Italian wine exports to China grew in value by 13.8% (€101 million) and 11.4% by volume (299,000 hectolitres).Content ©2017 European Supermarket Magazine 

Read more about: wine | liquor news | exports

Related News

Egypt lifts SA fresh goods ban as listeriosis threat subsides
20/09/2018 - 14:32
The department of agriculture, forestry and fisheries says Egypt's government has lifted its temporary suspension of fresh fruits and vegetable imports from South Africa, which stood as a precaution to prevent the spread of listeriosis there.

AB InBev aims to highlight Stella Artois heritage with new designs
19/09/2018 - 09:21
AB InBev has revealed a new packaging design for its Stella Artois beer brand in the UK as it aims to highlight its Belgian heritage alongside a modern twist.

Insights into the global oats market
18/09/2018 - 15:06
According to the report "World: Oats - Market Report. Analysis And Forecast To 2025", recently published by IndexBox, the production of oats reached 23M tonnes in 2017, fluctuating mildly over the period under review.

Past auction gems on Nedbank Cape Winemakers Guild Charity Auction
17/09/2018 - 14:42
Eight unique lots of previous Cape Winemakers Guild Auction wines will go under the hammer as individual charity items at the 34th Nedbank Cape Winemakers Guild Auction to be held at Spier in Stellenbosch on Saturday, 29 September 2018.

Pernod Ricard launches ready-to-drink Kahlúa espresso martinis
14/09/2018 - 08:56
Pernod Ricard has expanded its Kahlúa coffee liqueur brand with the launch of a ready-to-drink espresso martini can featuring nitrogen widget packaging.