Eurostat, the statistical office of the European Union, meticulously tracks the flow of wine imports and exports, providing invaluable insights into this dynamic industry.
This article examines Eurostat's data on wine trade from extra-Stat, shedding light on trends, challenges, and opportunities shaping the global wine market. Eurostat, the statistical office of the European Union, has recently published the Wine Trade data for extra-Stat or data from outside of EU.
Generally, December month was a continuation of weak import activities from the countries outside of the EU, a trend which started more than a year ago. The biggest import market, Germany, is relevant in this case, due to the economical reasons (recession, high inflation, etc.)
Key points for import data:
- 2023 imports at 5.8 million hectoliters (mn HL) or -15% year-on-year (YoY)
- December 2023: 466,900 hectoliters or -9% YoY
- EU biggest importer: Germany with 1.5 mn HL (-18% YoY)
Key points for export data:
- 2023 exports at 29.4 mn HL (-8% YoY)
- December 2023: 2.1 mn HL (-11% YoY)
- EU biggest exporter: Italy with 10 mn HL (-8% YoY)
Key Trends in Wine Imports:
Eurostat's data reveals several noteworthy trends in wine exports. Traditional wine-producing countries such as France, Italy, and Spain dominate the export market, reflecting their established reputations for quality and variety.
Conclusion:
Eurostat's wine trade statistics offer a comprehensive and invaluable resource for understanding the dynamics of the global wine market. From identifying key trends and challenges to exploring nuances in acidity and complexity, these statistics provide a roadmap for stakeholders seeking to navigate the complexities of international trade and maximize their impact in the world of wine.
Source: Eurostat