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| Year | Production value, in billion EUR |
|---|---|
| 2022 | 16.3 |
| 2021 | 15.3 |
| 2020 | 14.9 |
| 2019 | 14.5 |
| 2018 | 15.5 |
| 2017 | 11.9 |
| 2016 | 13.6 |
| 2015 | 12.4 |
| 2014 | 9.5 |
| 2013 | 9.8 |
| 2012 | 7.4 |
| 2011 | 7.3 |
- Region: Italy
- Time period: 2011 to 2022
- Published: 2023
Data Analysis and Insights
Growth Trend in Production Value
The production value of wine in Italy showcased a consistent upward trajectory from 2011 with 7.3 billion EUR to 2022 reaching 16.3 billion EUR. This indicates a more than double increase in value over the period, highlighting the growing economic significance of the wine industry in Italy.Highest Annual Increase
Between 2017 and 2018, the production value saw the highest annual increase, jumping from 11.9 billion EUR to 15.5 billion EUR. This represents a remarkable growth of approximately 30.3% within a year, emphasizing a year of significant prosperity for the Italian wine sector.Lowest and Highest Production Values
The lowest recorded production value was in 2011 at 7.3 billion EUR, while the highest was in 2022 at 16.3 billion EUR. This variance underscores the substantial growth and recovery of the wine industry over the past decade.Yearly Growth Analysis
Analyzing year-over-year changes, the data reveals a pattern of growth in most years, with the exception of 2014 to 2015, where the production value increased by 2.9 billion EUR, and 2017 to 2018, with an increase of 3.6 billion EUR. These intervals marked significant leaps, showing years of robust growth in the industry.Decade of Recovery and Growth
From 2012 to 2022, the Italian wine industry not only recovered from its lowest point but also embarked on a decade of strong growth. The production value in 2012 was 7.4 billion EUR, almost doubling by 2022 to 16.3 billion EUR, reflecting a resilient and expanding industry.Frequently Asked Questions
What was the growth trend in the production value of wine in Italy?
The production value of wine in Italy grew consistently from 7.3 billion EUR in 2011 to 16.3 billion EUR in 2022, indicating a more than double increase.
Which year saw the highest annual increase in production value?
The highest annual increase in the production value of wine was between 2017 and 2018, with a substantial growth of approximately 30.3%.
What were the lowest and highest recorded production values and when?
The lowest recorded production value was 7.3 billion EUR in 2011 while the highest was 16.3 billion EUR in 2022.
Terms and Definitions
It refers to the process of creating wine through the fermentation of grape juice. This process includes various steps such as harvesting, crushing and pressing, fermentation, clarification, and aging and bottling.
This is the process of collecting ripe grapes from the vineyard. The timing of the harvest is crucial as it directly impacts the taste and quality of the wine. Grape harvesting can be done manually or mechanically.
Fermentation in wine production is the process where sugars in the grape juice are converted into alcohol by yeast. It's an important step that determines the alcohol content and the flavor of the wine.
After fermentation, the wine is aged in vessels like barrels. The aging process contributes to the flavor development in wine. When the wine has aged sufficiently, it's then bottled for sale or further aging.
Wine is categorized into different varieties based on the type of grape used for production. Some common wine varieties include Merlot, Cabernet Sauvignon, Pinot Noir, among others. Each variety has its unique taste and characteristics.
The wine industry refers to the commercial aspects of the production and sale of wine. This includes everything from vineyard management, wine creation process, bottling, marketing, distribution, and sale of wine.
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