Restituita stringa vuota

Panorama Internazionale

08 OTTOBRE 2019

00:09 - Argentina

ARGENTINE WINERIES INCREASED EXPORTS BY 11%

(ICE) - ROMA, 08 OTT -

According to official figures from the National Institute of Viticulture (INV), in the first 9 months of 2019 wine exports grew 11%, to 217.6 million liters. One of the reasons is the improvement in competitiveness thanks to the exchange rate but there is also a very good stock and quality product for the great harvest that took place in January 2019. The winemakers hope that this performance can be extended in the last months of the year because the grape harvest in Europe was not so extensive, mainly in Spain.

The Argentine challenge is to recover an external market that the wineries lost in recent years: the price segment between 3.5 and 4 USD. Producers need to have better financial conditions in order to compete and project in the medium and long term. In 2018, exports grew slightly in value by 2% and in volume by 23%. The wineries exported more than 88 million liters of wine in bulk with a rise of 184%, which represented a rise of 47% in revenue.

There is a growing consumption trend over time of large consumers and importers such as China, the United States, Germany, the United Kingdom and Russia. The United States is the world's largest consumer, with 32.850 thousand hectoliters; followed by France with 26.851 thousands and Italy with 22.440 thousands. Argentina is in ninth place with 8.449 thousand hectoliters, said a report from the Argentine Wine Observatory.

(ICE BUENOS AIRES)