Italian wine export - January-March 2023

All in all, the substantial stalemate of Italian wine exports was in the air: the rise in prices accumulated throughout 2022, the accumulation of product on the larger markets, perhaps betrayed by expectations of continuous growth in consumption well beyond escape from the pandemic, which turned out to be incorrect on balance. Today, the data seem to say that there is far too much wine around the world, and the retreat of sparkling wine (including Prosecco) is the most evident indicator of this. To which is added the progressive deflating of the price lists, today just over 3.5%, when for the whole of 2022 it traveled around an average of 13%. A sign that Italian companies are now finding it increasingly difficult to pass on increases in the production phase, with the markets appearing to indicate that the peer-to-peer absorption phase is definitely over.