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Issue 709 - November 25th - 29th 2024 - Expressly created for 4872 wine lovers,
professionals and opinion leaders from all over the world | |
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| | | The wine supply chain, which has been asking for it for some time, likes the draft Decree (the text in more detail), that, once it will have been approved in the State-Regions Conference, it will allow Italian wine producers to produce no-alcohol wines. They can be called in this way, and not “dealcoholized”, if the Eu accedes to the request for this lexical exception. No to PDO and PGI wines, and the production process in dedicated structures physically separated from those for wine production, some of the salient points of the Decree. With positive comments by Federvini and the Unione Italiana Vini-Uiv. | |
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| | The world wine market of 2024 has been very difficult all over the world. Iwsr data talks about decreasing volumes compared on an already difficult 2023 (-3.9% for wine, with still wines at -8%, such as Champagne, and all premium segments in decline, while, also thanks to its accessibility, Prosecco is growing by +5%, ed.). And, 2025 will not be different, amongst the threat of promised duties by Trump in the Usa, consumption changes of consumers, health obsession, inflation and excise duties which will deeply change in countries such as the Uk. “And yet, wine will resist, change, but the fact that even more quality is produced, and much is still to be discovered in terms of products and markets make one look to the future with confidence. As young people, who will come: who is between 20 and 25 years old now doesn’t look to wine very much, as it has always been more or less, but they will do. And we will be there to give added value to wine business and its operators all over the world”. To state that was Rodolphe Lameyse, dg of Vinexposium, during the presentation of Wine Paris No.6 2025 which will be held from 10 to 12 February. An event that in few years has become the international point of reference for wine trade (and where WineNews will be present to explain that). And that sees France, “master of the house”, great protagonist, with a growth of 7% of exhibitors, with prominent names, but also Italy at the top, the second country for presences, with a pavilion entirely dedicated to it, with 600 exhibitors, and an almost doubled space, thanks to the great presence of the cooperative signed by Italian Trade Agency, but also with new important participations. “The fact that Italy is present in such an important way, and that there are countries all over the world, represents a recognition of authority we acquired – underlines Lameyse – but, it is also a proof that great wine fairs, in an industry where human and direct relations are irreplaceable, are still more important”. Lameyse who says about a potential Vinexposium event in Italy: “there are no concrete plans. In Italy there is already Vinitaly which makes its work greatly. If it were, however, it wouldn’t be a trade show. But never say never: let’s wait and see” (our video interview in the next days). | |
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| | The export of Italian agri-food districts continues to grow, and wine districts, even if in a very slight decline, continue to play the role of the lion. “Monitor of Italian agri-food districts”, edited by the Research Department of Intesa Sanpaolo, stated that on 2024 June, 30. Districts, “which after having closed the first trimester 2024 with a trend increase of 6.6%, follow the same rhythm in the second trimester, with progress of 6.4% compared to the same period 2023”, with 14 billion euros of exports. The supply chain of wine districts closes the first half of 2024 substantially unchanged and as a leader with almost 3.3 billion in exports. District No.1 overall, in terms of exported values, despite a -4.7%, is that of Langhe, Roero and Monferrato wines, at 985 million euros (all the other districts, in more detail). | |
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| | | Barolo with 4 labels leading, then Igt Toscana and Brunello di Montalcino with 3, and Barbaresco with 2, and with only one exception represented by Lambrusco of Emilia Romagna. And a little less Italy of 2024, with 13 labels against 16 of the last edition, and much less variety: this is the verdict of “The Enthusiast 100”, the classification of the best wines of the year by “Wine Enthusiast” (whose Italian signatures are by Jeff Porter and Danielle Callegari). According to “Wine Enthusiast”, the wine of the year is American, but it speaks Italian, considering that it is RMS Brut Delayed Disgorgement 10-Year Sparkling 2013 by Roco Winery, one of the most prestigious wineries in Oregon, acquired in 2022 by Santa Margherita, an enoic center amongst the most prestigious ones in Italy, belonging to Marzotto family, through Santa Margherita Usa. Italy still on the podium, with Brunello di Montalcino Poggio al Vento 2016 by Col d’Orcia at No.2, ahead of another American, the Californian Veracity Red 2021 by Epoch at No.3. The other Italian wines (in more detail), all among the top 50, are signed by Castello di Neive, Medici Ermete, Fattoria dei Barbi, Paolo Scavino, Borgogno, Lodali, Fratelli Alessandria, Sesti, Vietti, Bibi Graetz, Mazzei and Fattoria Le Pupille. | |
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| | | In the first 8 months of the year, wine exports exceeded 5 billion euros with a +4, 7% in value and +3.2% in volume over 2023. The large-scale retail sales remain positive in terms of values but continue to decline in volume (-1.1% compared to 2023), with wines reaching 2.1 billion euros (+1.1% in value over 2023). This is the photograph returned from the latest edition of the Federvini Observatory by Nomisma and TradeLab.
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| | Slightly more than half of Italian wine shops, in summer 2024, registered a decrease in the sales compared to 2023. And slightly less than half of them forecasts decreasing affairs, albeit slightly, in view of the end of the year, a moment which has been always crucial for wine business. For many, as always, it will be the most important moment for great denominations of Italian red wines, followed by sparkling wines, Champagne leading, but also by Metodo Classico wines of Italy. A survey by Vinarious, the Association of Italian wine shops, guided by Andrea Terraneo counting even 120 associates all over Italy for an overall turnover of 50 million euros, states that (all data, in more detail).
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| | With the 2024 grape harvest completed, the Consorzio per la Tutela dei Vini Valpolicella, takes stock of a harvest that once again confirms this territory as one of the most relevant protagonists of the Italian wine scene, focusing on quality. Harvest which, said president Christian Marchesini, involved “8,600 hectares of vineyards”, for a production “of 950,000 quintals of grapes. However, only a careful selection of 330,000 quintals was certified suitable for the drying phase, destined for the production of the prestigious Amarone della Valpolicella Docg and Recioto della Valpolicella Docg”.
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