Italy: Wine Market 2024

Wine Market Size in Italy

The Italian wine market rose rapidly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Wine Production in Italy

In value terms, wine production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Wine production peaked in 2022 and is expected to retain growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wine Exports

Exports from Italy

Wine exports from Italy reduced slightly to X litres in 2022, waning by X% compared with the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X litres in 2021, and then declined modestly in the following year.

In value terms, wine exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 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 accounting for X% of total exports. France, Canada, Switzerland, Belgium, the Netherlands, Russia, Sweden, Austria, Japan and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Belgium, with a CAGR of X%, saw the highest growth rate of 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

The average wine export price stood at $X per litre in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per litre in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: 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, purchases abroad of wine decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a noticeable descent. The pace of growth appeared 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 markedly in the following year.

In value terms, wine imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period 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 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

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), fivefold. The third position in this ranking was held by South Africa (X litres), 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 ($X) constituted the largest supplier of wine to Italy, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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

In 2022, the average wine import price amounted to $X per litre, increasing by X% against the previous year. In general, import price indicated a remarkable increase 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 import price peaked at $X per litre in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :