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| Year | Export value, in million EUR |
|---|---|
| 2022 | 7,873 |
| 2021 | 7,172 |
| 2020 | 6,332 |
| 2019 | 6,433 |
| 2018 | 6,237 |
| 2017 | 6,006 |
| 2016 | 5,628 |
| 2015 | 5,390 |
| 2014 | 5,115 |
- Region: Italy
- Time period: 2014 to 2022
- Published: May 2023
Data Analysis and Insights
Consistent Growth in Export Value
Italy's wine export value has seen a steady increase from 5,390 million EUR in 2015 to 7,873 million EUR in 2022, marking a significant growth of approximately 46% over seven years. The data underscores a robust growth trajectory for the Italian wine industry, highlighting its increasing global demand and economic significance.Acceleration in Growth Post-2020
The growth rate of Italy's wine export value accelerated notably after 2020, with a jump from 6,332 million EUR in 2020 to 7,873 million EUR in 2022. This 24% increase over two years contrasts with the earlier steady growth, possibly indicating a rebound or growth spurt in the wine export sector post-pandemic.Largest Year-on-Year Increase Recorded in 2022
The year 2022 recorded the largest year-on-year increase in export value, with a surge of 701 million EUR from 2021. This leap underscores the strong demand for Italian wine on the global stage, possibly driven by both recovery in global markets and the growing reputation of Italian wine quality.Export Value Doubling Pre-COVID Levels
Comparing the earliest and latest data points, Italy's wine export value in 2022 was nearly double that of 2014, which stood at 5,115 million EUR. This doubling over an eight-year period signifies not just recovery from any potential COVID-19 impacts but a substantial expansion in Italy's wine export capacity and market reach.Stabilization After Minor Fluctuations
After a minor decrease in export value from 6,433 million EUR in 2019 to 6,332 million EUR in 2020, the market quickly stabilized and resumed its growth trajectory. This resilience highlights the strength and stability of Italy's wine industry, even in the face of global economic uncertainties.Frequently Asked Questions
What was the growth rate in Italy's wine export value in recent years?
The export value of Italy's wine saw an increase from 5,390 million EUR in 2015 to 7,873 million EUR in 2022, marking an approximately 46% growth.
What was the largest year-on-year increase in Italy's wine export value?
The year 2022 recorded the largest year-on-year increase in Italy's wine export value, with a surge of 701 million EUR.
Terms and Definitions
A fermented beverage made from grapes, typically Vitis vinifera. The fermentation process involves the conversion of the grapes' sugars by yeast into alcohol. Wine comes in various types including red, white, rosé, and sparkling, and its taste can range from sweet to dry.
A fundamental economic activity that involves selling goods or services produced in one country to another country. The term is used to signify the transfer of commodities from the country of production to a foreign market.
The process of producing wine, which begins with grape cultivation and includes grape harvesting, crushing and pressing, fermentation, clarification, aging and bottling. The quality and type of wine produced can vary greatly depending on the grape variety used and the specific techniques applied during these stages.
The collective of businesses involved with the production, distribution, sales and marketing of wine. It includes vineyard owners, farmers, winemakers, wine exporters, importers, distributors, retailers, among others.
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Italy: Wine Production Value, by year
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Italy's wine production value has seen continuous growth, signifying the country's remarkable prowess in crafting world-renowned wines.
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