In a promising start to 2024, Moldova's wine exports have shown robust growth, marking a 14% increase compared to the same period last year.
According to data released by the Moldova National Office of Vine and Wine (ONVV), from January to May 2024, the country exported a total of 57.6 million liters of wine, equivalent to USD 90.1 million in value.
Overview of Wine Categories
- Still Wines: The largest category by volume, still wines accounted for 43.5 million liters, marking a moderate 2% year-on-year increase. Among them, bottled still wines were particularly notable, reaching 13.6 million liters, a significant 9% rise compared to the previous year. Bulk still wines totaled 29.9 million liters.
- Sparkling Wines: While sparkling wines saw a slight decline of 1% year-on-year, the category still maintained a notable presence with 0.883 million liters exported during the period.
- Desert Wines: One of the most striking growth stories came from desert wines, which soared by a remarkable 577% year-on-year. Bottled desert wines alone reached 7.3 million liters, a staggering 922% increase, while bulk desert wines amounted to 0.5 million liters, growing by 11%.
Market Distribution
Moldova's wine exports were distributed across 56 countries worldwide, underscoring the country's expansive reach in global markets. Notably, the top 10 markets accounted for 81% of the total export volume, highlighting the concentration of efforts in key strategic regions.
Implications and Future Outlook
The impressive performance in wine exports during the first five months of 2024 reflects Moldova's growing competitiveness in the global wine industry. With significant increases in both volume and value across various wine categories, Moldovan producers are poised to continue leveraging their strengths in traditional markets while exploring opportunities in emerging regions.
As the year progresses, stakeholders in Moldova's wine sector remain optimistic about sustaining this positive momentum. The continued expansion of export volumes, particularly in high-value categories like bottled still and desert wines, signals a promising trajectory for the country's wine industry. Moreover, these developments underscore Moldova's resilience and adaptability in navigating global market dynamics.
Source: ONVV/Wine of Moldova