Executive summary
Strategic priorities: export diversification, selective premium repositioning, inventory management, anti-counterfeiting traceability, and a push for data-driven “family” wine tourism.
Exports first semester 2025 (source Nomisma: monitored markets)
- USA : leading market but pre-tariff "pre-stocking" halted → from 22% (Jan–Mar) to -7% (Apr–Jun) . Italy: 2.5% in the first half thanks to Q1. Court of Appeals decision on legitimacy of tariffs pending.
- Canada : 11% imports from Italy; strong substitution of US wines on the shelves ( –65% ).
- Germany : 10.3% in value (still and sparkling goods: 14.2% ).
- Japan and Brazil : positive performances.
- United Kingdom : –7% in value ; sparkling wines –6.6% , still/sparkling wines –8.1% .
- Others in decline : Switzerland, South Korea, Norway, China ( -10.5% for still/sparkling wines).
- Italian sparkling wines (12 markets): growth slowed to 1% value / 6% vol ; dynamic Japan, USA, China . Weak UK, France, Australia .
Production, inventory and structure
- Supply chain: 30,000 processing companies (1,800 industrial), 250,000 agricultural; turnover €16 billion (excluding related industries), 2024 exports €8.1 billion , 74,000 employees.
- Italy: world's leading producer (average 47 million hl ), leading exporter by volume ( >22 million hl ).
- Production volatility: peak 55 million hl (2018) ; minimum 38 million hl (2023) ; 2024 rising but below average; 2025 UIV estimate: 47.4 million hl ( 8% on 2024).
- Inventories : 2023 > production; July 2024: 40 million hl (–20% y/y with production –23%); 30 June 2025: 43.6 million hl (0.3% y/y; –6.4% on May), 2.7 million hl must and 63,926 hl new wine .
- Areas : Italy 728k ha (0.8%) ; national structural decline –15% (2000–2023) . EU27 3.2 million ha ; Spain 930k ha (–15%) , France 783k ha (–0.7%) ; China 753k ha (–0.4%) ; India growing 185k ha , CAGR 4.5% (from 2019) .
Prices, US tariffs and their impact
- Average export price (still in bottles): Italy €4.43/l , below France €7.81 , Australia €5.56 , New Zealand €5.86 .
- USA : worth ~ €2 billion (24% of Italy's export value). Average tariff 2.9% until Jan 2025 → 15% from Apr 2025 .
- Estimated UIV impact : €317 million (up to €460 million with a weaker USD). Final markup from origination: estimated from 123% to 186% .
- Apr 2025 : Italy → USA –7.5% vol / –9.2% val . Jun 2025 : Italy €169.8 m (–4.2% m/m vs Jun '24) ; France €191.3 million (5.9%) .
- Volume leadership confirmed: June 2025 Italy ~33 million liters (3.5%) = 32.6% of US imports; H1 2025 Italy 188.9 million liters (7.5%) > France (20.1% vol).
Focus Prosecco (UIV–Vinitaly / IWSR / SipSource)
- In the USA it is worth 31% of the value of Italian wine consumption ( $531 million in 2024 ).
- Awareness 40% (vs Champagne 52% ), but conversion to purchase 31% (Champagne 24% ).
- Sparkling wine share in the US (first 7 months of 2025): Prosecco 30% , Champagne 28% .
- Drivers: average price < $18 , strong penetration among women and Gen Z , use in mixology/RTD .
- Challenge: Growth in multi-ethnic communities (competitor: cocktails, hard seltzer, RTD).
Domestic demand and confidence (ISTAT, September 2025)
- Consumers : index from 96.2 → 96.8 ; economic climate 97.0 → 98.8 ; current 99.2 → 99.9 ; future 92.2 → 92.6 ; personal ≈96.0 .
- Businesses : 93.6 → 93.7 (stable); construction 101.3 → 101.5 , services 95.1 → 95.6 ; manufacturing stable 87.3 ; retail 102.7 → 101.6 .
- Wine implications: propensity for durable goods purchases slightly improved, but retail suffers; need to push by-the-glass , experiences, and entry-level pricing.
Ho.Re.Ca channel and distribution (Partesa interview)
- Excessive markups on entry-level labels are driving young people away.
- Virtuous model: wine by the glass with pouring technology, minimum quantities and continuity of supply, expansion of Italian labels.
- In 2025 price lists: avoid both drastic increases and decreases; focus on fresh whites and "pure" appellations with high quality/price ratios (Verdicchio, Garganega, Sangiovese, Chianti, Morellino).
Wine tourism and territorial branding
- International attraction for family-run wineries is growing: intention to visit on next trips → USA 78% , UK 74% , Germany 61% .
- Preference for family-run businesses : USA 68% , UK 57% , DE 49% ; very strong interest from Gen Z USA (82%) .
- Priorities: digital communication , multichannel promotion , AI to design experiences and manage flows. Key role: specialized consultant for omnichannel positioning and sales.
Policy, risks and operational proposals
- Safeguard Package (Eurispes): revision of Consolidated Law 238/2016 , yields/specifications/controls more in line with demand; labeling with ingredients and nutrition information ; simplification of inspections.
- Multi-level anti-counterfeiting : serial QR , RFID , NFC anti-tamper ; testing of new fiscal stamps started from 28 July 2025 .
- End-to-end AI : precision viticulture, winery (controlled fermentations, blends), marketing and CX.
- Plant authorizations : 1-year suspension of fines for non-use before January 2025; extension of replanting period to 8 years .
- Insurance/guarantees : evaluate an export coverage scheme similar to Cap Francexport; yield mutualization fund to stabilize prices (avoid sell-offs, dispose of surpluses, including through juice/distillation).
- US Tariffs : USWTA mobilizes industry with survey for economic evidence; leverage for negotiating pressure.
- Uprooting : German pan-European plan proposed (based on the 2009–2011 model); Italy more cautious → preference for reconversions and active vineyard management.
Opportunity to be seized immediately
- Rebalance export portfolio : boost Canada, Germany, Japan, and Brazil ; monitor the UK and China with targeted plans.
- Selective premium : communicating value (territory, sustainability, winemaking precision) to close the €-/l gap with the French.
- Prosecco : defend US share (mixology, RTD, non-Caucasian communities, West & East North Central).
- Family-friendly wine tourism : packages bookable online, transparent pricing, CRM and AI-driven UGC content.
- Ho.Re.Ca : inclusive price lists, by-the-glass , menus under €20–25 for quality entry-level options.
- Supply/Inventories : harvest-sales plans, cuvée segmentation, alternative channels for surpluses.
- Trust & Anti-Fake : Progressive rollout of QR-RFID-NFC new tags; storytelling on product security.
Final route note
2025 is the year for "active selection": less product dispersion, more focus on markets and channels that boost margins and reputation, with Prosecco as the battering ram, wine tourism as the catalyst, and the digital/AI supply chain as the neural network. This is where the competitive advantage for the next 24 months will be built.