Wine consumption in Italy is slowly recovering, however, national stocks continue to decline. As of March 31, 2024, in Italian wine factories there are 53.2 million hectoliters of wine, 4.5 million hectoliters of
musts and 93 thousand hectoliters of new wine still in fermentation. Compared to the previous year, a decline in inventories is observed for all product categories, with lower values compared to both 2023 and February 2024.
Concentration of stocks in the North, challenges for red PDOs. 59.3% of wine is held in the Northern regions, with Veneto highlighted, contributing to 26.2% of national wine. However, despite the high number of Geographical Indications (529), stocks are very concentrated,
with the top 20 denominations contributing to 62.0% of the total GI wine stocks. Red PDOs in regions such as Tuscany, Abruzzo, Sicily and Puglia suffer from market-related declines.
Exports on the Recovery, But Domestic Consumption on the Slowdown Italian wine exports recorded a recovery in the first months of 2024, driven mainly by non-EU shipments. However, domestic consumption in Italy and the United States is showing signs of slowing, according to the Uiv-Vinitaly Observatory.
Vinitaly in Verona: Meeting Point between Business and Passion
Vinitaly in Verona confirms its role as a point of reference for the wine sector at a global level. In addition to being an enveloping experience of tasting and debate, the event is an opportunity to do business,
as evidenced by the numbers of the 56th edition.
Inventory emergency and challenges for viticulture
At Vinitaly 2024, the inventory emergency is a central issue that divides opinion between farmers and the industry. The request to eradicate the vineyards
and the production of alcohol-free wines are contested issues that influence the future of the industry.
Sustainability and Health: New Challenges for Italian Wine
The Italian wine sector faces new challenges related to sustainability and consumer health, with the growing demand for low-alcohol products and the role of wine in the European economy and environment.
In summary, while exports show signs of recovery, the domestic market and issues related to inventories.
