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Issue 532 - July 5th - 9th 2021 - Expressly created for 4.242 wine lovers,
professionals and opinion leaders from all over the world |
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Castiglion del Bosco’s Brunello di Montalcino 2016, Broglia’s Derthona Timorasso 2018, Capezzana Riserva 2013, Casa Setaro’s Fuocoallegro Piedirosso 2019, Castello’s Prosecco di Conegliano Valdobbiadene Superiore Rive “47/87 Rive di Vidor” Extra Dry 2019, Diego Morra’s Barolo Monvigliero 2016 and Muzic’s Stare Brajde 2019: these are the seven Italian “Best in Show”, awarded at the “Decanter World Wine Awards” 2021. A numerically exceptional edition, with 18,094 wines tasted from 56 different countries, by 170 experts, for two consecutive weeks of tasting. At the end, the “Best in Show” were 50, 179 the Platinum (36 Italian), 635 the Gold. |
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It has suffered the pandemic, Italian wine, but it is already ready for the rebound, which will be sustained as early as 2021, thanks mainly to exports. Because if the loss, overall, stopped at -4.1% of turnover in 2020 on 2019, looking only at the main wine realities (those with a turnover over 50 million euros, ed.), in the current year, estimates speak of growth of 3.5% on 2020, mainly thanks to exports. And, all things considered, profitability, for the top players, has not suffered much. But in addition to the economic picture, Covid has brought changes that will remain. From the weight of the purchasing channels, which has seen the growth of large-scale distribution and digital, even if the restaurant industry will regain space as the world overcomes the pandemic. To the polarization of consumption, increasingly shifted to higher and lower price segments, with greater difficulties for the middle range. From the growing importance of everything associated with sustainability and health (with the peculiarity of the growth of organic wine and the growth of biodynamic). All aspects to be taken into the utmost consideration in order to engage in a recovery that also passes through the restarting of trade fairs in presence, such as Vinitaly, fundamental for business, in Italy and abroad, but also from the awareness of an aggregation phenomenon of the fragmented productive fabric of Italian wine that, through mergers or acquisitions of companies, as many and important have been seen in recent months, or virtuous consortium projects, as the case of Prosecco Doc, among others, shows, is destined to intensify in order to allow companies to put together not only the critical mass of products but also the more and more refined and in-depth competencies that will be needed to face a market that, also from a logistic point of view, is becoming more and more competitive and complex. These are the assets that emerge from “Wine and Spirits: the challenges of an Italian excellence - The structural change of companies and consumption in the post-pandemic scenario”, the first joint report on the sector signed by Area Studi Mediobanca, Ufficio Studi di Sace and Ipsos (comments and insights in the in-depth analysis). |
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After the slowdown in May, when Italian fine wines included in the Italy 100 of Liv-ex closed with a slight decrease (-0.10%), data updated at the end of June show a recovery of Italian labels on the secondary market of fine wines: +1.27% compared to May. Since the beginning of the year the increase of the quotations of Italy 100 is +3.25%, with Fine Wine 1000 at +5.47% (+0.88% in June). The Fine Wine 100, which groups the 100 most traded labels of the moment, including Barolo 2014 Bartolo Mascarello, Barolo Villero 2013 Brovia, Sperss 2013 Gaja, Barolo Riserva Monfortino 2010 Giacomo Conterno, Masseto 2014 and 2015, Ornellaia 2013 and 2015, Sassicaia 2014, 2015 and 2016, Solaia 2015 and Tignanello 2015 and 2016, has gained 5.90% since the beginning of the year (+0.76% in June). |
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Leaders in terms of profitability, leaders in terms of turnover: in the analysis by Mediobanca, Sace and Ipsos, the figures show a very hard year in which the companies most focused on out of home and top of the range products have suffered the most, while those already well present in large-scale distribution, with a core business in a more popular product range and strongly export-oriented, have gained market share. If we look at the fundamental parameter of profitability, that is, the ratio between net profit and turnover, the absolute leader is Antinori (26%), ahead of Frescobaldi (24.5%) and Santa Margherita (24.2%). The leader for turnover in 2020 is confirmed by the Cantine Riunite-Giv group, with 581 million euros (-4.4% on 2019), ahead of the Romagna-based cooperative Caviro (+10%,) at 362 million euros. On the podium the Veneto-based Casa Vinicola Botter (230 million, +6.4%, and acquired in recent months by Fondo Clessidra, ed.). Antinori, Cavit, Fratelli Martini, Italian Wine Brand and Enoitalia are also above the 200 mark, while Mezzacorona, Zonin, Santa Margherita, La Marca, Terre Cevico, Mondodelvino, Cantina di Soave, Schenk Italia, Contri Spumanti, Ruffino, Frescobaldi, Collis Veneto Wine Group, Vivo Cantine and the wine division of Gruppo Campari are above the 100 mark. |
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Matilde Poggi, already head of Fivi, is the new president of Cevi - Confédération Européenne des Vignerons Indépendants, the organization that brings together and represents the European Independent Winegrowers, acting as spokesperson before the EU institutions of the requests of the federations that are part of it, that is Italy, France, Spain, Portugal, Luxembourg, Switzerland, Hungary, Slovenia, Belgium, Greece, Montenegro and Bulgaria, for a total of about 12.000 winegrowers. She is the first Italian to hold the position. |
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Tenuta Capezzana’s 2017 Ghiaie della Furba Carmignano (Revelation Organic), Cantine Borgo di Colloredo’s 2013 Biferno Gironia Rosso Riserva (Revelation Italy), Terzini’s 2020 Cerasuolo d'Abruzzo (Italian Rosé Revelation), Lugana Doc Gigi Rizzi Collection No. 01 Bianco 2018, Schenk Italia’s 2020 Doc delle Venezie Il Casato Pinot Grigio Rosato, Terre Caudium’s 2010 Aglianico del Taburno Cariavis Riserva, Azienda Agricola Milazzo’s 2007 Sicilia Igt Duca di Montalbo, Fattoria La Vialla’s 2018 Toscana Igt Casal Duro unfiltered Rosso, and Salvatore Molettieri’s 2013 Taurasi Riserva Vigna Cinque Querce. Here are the 7 Grand Gold Medals, won by Italian wine at the Concours Mondial in Brussels, to which are added 103 Gold medals and 279 Silver medals. Leading for overall medals is France (672), followed by Spain (507), Italy (389) and Portugal (335). |
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The “Slow Wine Coalition” is a worldwide network that will unite all the main players in the supply chain to implement a wine revolution in the name of environmental sustainability, protection of the landscape and social and cultural growth of the countryside. The new wine project, signed by Slow Food, has been created and it “aims to unite all of the main players in the supply chain towards the awareness that the role of wine will more and more follow the way of genuine environmental sustainability, landscape protection and the cultural and social growth of the wine territories”. |
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