Wine exports from Italy rose 10% in 2022, led primarily by demand for sparkling wines, according to an analysis of data from Istat by Italian farmers’ organisation Coldiretti.
The value of exports soared to €7.9bn ($8.73bn) last year, which Coldiretti reported being a new record.
The report claimed sparkling wines saw a 19% increase in value. Prosecco, the most consumed Italian wine in the world, booked a 22% rise. There was a 25% increase in exports to France to a value of €289m, with sparkling wines making up €107m alone.
The US was confirmed as the leading export market for Italian wines with a share of 23%. Value sales rose 8% in 2022 to €1.9bn, according to Coldiretti. The UK meanwhile spent €812m, showing an increase of 9%, while Germany saw a 5% increase to €1.2bn.
China broke the trend of increasing export sales by dropping 12% to €112m.
Italy produced 50.3m hectolitres of wine from 310,000 farms, a greater volume than France and Spain. Coldiretti claimed this “confirmed Italy’s leadership at an international level”.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Another report by the Italian association of winemakers showed exports to Russia increased by 16% in 2022 to an all-time high of €172m. More than half of the Italian wines sold in Russia are sparkling, leaping by 28% on the previous year.
Italy became the leading supplier of wine to Russia with a market share of circa 30%, ahead of competitors including Spain and Georgia, according to the analysis.