World wine trade report December 2022

In a very complicated year, burdened by crazy costs, the aggregate of the main countries monitored by the UIV-Vinitaly Wine Observatory marks -4% volume, due to -5% of still wines and 2% of sparkling wines. The prolonged involution of the Chinese market weighs heavily (-24%), which is accompanied by minus signs in the UK and Germany. Use stable

Italy's performance

Italy closes the year 2022 at -1% on the volume side, at 10.8 million hectoliters of still and sparkling wines, but still remaining at 1% in the calculation from 2019, thanks to the boost from sparkling wine, which with 3% recorded in the final balance of 2022 brings the medium-term balance to 7%, to 3 million hectoliters.

Still wines are less brilliant, which with the -5% balance in 2022 (7.8 million hectoliters) also bring the CAGR down from 2019, to -1%. Although the values have lost something in the last year (-2% for 5.3 billion dollars), they remain positive over the medium term, at 5%.