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At the halfway point of 2022, exports of Italian wine still do not seem to be affected by the effects of inflation which, in fact, in the period considered by the latest Istat data, analyzed by WineNews, did not register any slowdown in consumption. The result is a growth of 13.5% over the same period of 2021, slightly down on the previous survey, for 3.78 billion euros shipped around the world. The strong dollar supports US imports, which are sailing towards one billion euros, and Great Britain continues to give excellent results, where in the meantime the introduction of the new label on the wine & food products of the European Union has been postponed to January 2024. Positive , in general, the trend on the markets of European countries, in the awareness that the worst will come in the coming months, when the costs of raw materials and energy will inevitably begin to be passed on to consumers. On the contrary, the widely anticipated collapse of Russia continues, which since the invasion of Ukraine in February has seen a rapid erosion of all trade relations with EU countries. China is also struggling, where almost all sectors of the economy are experiencing the difficulties associated with Beijing’s management of the pandemic emergency, which does not foresee any step backwards from the zero contagion strategy.

Looking at the individual countries, the France marks an important + 40% of its wine imports from Italy, by share 140 million euros, following a campaign, 2021, one of the most disastrous ever. The growth of the Swiss, important market especially for fine wines, which marks a + 5%, to 208 million euros. Even better it does Austria, that grows of 22.6%for a total of 62.8 million euros of Italian wine imported in the first half of 2022. The main partner within the European Union (and the second largest market in absolute terms) remains Germany, which with limited growth (+ 5.7%) reaches 570 million euros. Not far away, continue the positive trend of Netherlands, which mark a + 9% in imports of Italian wine in the first six months of 2022, a 114.4 million euros. Very good too Belgium, the hub of reference for many secondary markets, especially in Eastern Europe, which grew by 26.7% to 111.5 million euros.

Going up the Old Continent, we arrive at the solid markets of Northern Europe, which better than any other – thanks to a less rigid management of the Covid-19 emergency and a substantial growth in domestic consumption – have responded to the two-year pandemic. In the first six months of 2022, however, the Denmark has grown by 13.2%perfectly in line with the average recorded by Italian wine exports, a 84.1 million euros. There Sweden therefore marks a growth of 7.9%, to 108.4 million eurossimilar to that of the Norway (+ 7.3%), who imported 57.2 million euros of Italian wine. The real exploit, which confirms what has been seen in recent months, is however that of Great Britain, which in the first half of 2022 imported 368.8 million euros of wine from Italy, 23.18% more than in the same period of 2021.

At the geographical and political borders of Europe, exports to Russia lose 29.7%, stopping at 40.8 million euros of Italian wine imported in the first half of the year. The trend of the two North American giants, the USA and Canada, was decidedly different. In the United States, the growth of wine exports is still sustained (+ 12.1%), and at the halfway point of 2022 it is just under one billion: 963 million euros. Even better are the neighbors Canadians, with purchases that grow by 16.2% on the same period of 2021, at an altitude 208 million euros. Finally, as always, to conclude the WineNews analysis, on Istat data relating to the export of Italian wine, in the first half of 2022, the markets of Asia. Which, ad exception of the Japan, where the shipments went very well, with one growth of 24.8%for a value of 97 million eurosmark a general decline, probably linked to China’s difficulties. Imports of Italian wine are in Beijing dropped by 14.3% to 56.3 million euroswhile the Korea of the South lose 8.8%, retreating to 42.4 million eurosalmost identical drop (-8.7%) to that of Hong Kong, with 13.5 million euros of wine imported from Italy in the first six months of 2022.

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Marco Ribaudo

Marco Ribaudo

For the love of food and wine! Marco Ribaudo, Certified Sommelier, with 25 years in the food and beverage industry now invites you to join him in his latest adventure, the opening of la Cucina del Vino to share his culture and passion for creating unforgettable memories around the table.

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