Italy is the Mediterranean’s largest wine exporter

Friday December 30 2016 by Vitisphere

To strengthen its image as the go-to show for Mediterranean wines, Vinisud has launched a wine observatory with Wine Intelligence. The first piece of insight shared by Wine Intelligence France director Jean-Philippe Perrouty is that “Mediterranean wines account for a quarter of global production. Two thirds are drunk in their domestic markets and the remaining third is exported”.

Exporter nations are spearheaded by Italy which accounts for half of total exports, followed by Spain. France ranks only third. Between 2013 and 2015, French exports stalled in volume terms at 5 million hectolitres, down 1%, but grew strongly in value, reaching 1.5 billion euros, up 11%. French Mediterranean wines from Languedoc-Roussillon, the Rhone Valley, Provence, Corsica and the South-West have therefore moved up the price points.

Over the same period, Italy posted higher growth rates, increasing both by volume (14.1 mhl, +8%) and value (3.9 billion euros, +8%). Exports of Mediterranean wines across the board rose by 6% in volume to 29.3 million hectolitres and 9% in value to 7.6 billion euros.

 

Source: Vitisphere

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