Beijing. “According to the study, we can expect a growth in production (+2.4%) and in global wine consumption (+4.3%) by 2020 with peaks in China (+21.6%), Russia (+6.1%), and the USA (5.7%). Among the producing countries, Italy is continuously growing with an increase in sales by 10% in the next quarter, ahead of France and Chile (+6.1%), USA (+4.3%), and Spain (3.6%)”. This is the summary of the Wine Outlook 2020 presented during the second day of Vinitaly by the General Manager of Ismea, Raffaele Borriello. “Wine consumption in China continues to grow, soon to reach Germany’s level of consumption whereas consumption within Italy remain stable at only 0.9% increase after the last five years’ lows. On the average export value which remains low compared to France; Italy’s numbers have increased by 20% from 2014-2016 compared to 2011-2013 against the 9% increase of our main competitor”. (9colonne)
