The Italian wine sector is facing a number of critical factors that are undermining the competitiveness of companies and could have long-term impacts on related industries. According to Luca Rigotti, President of the Wine sector of Confcooperative, high cost of money and a surge in raw material costs are major issues affecting the sector. These factors, combined with inflation and reduced spending capacity of families, are negatively impacting wine consumption.
In addition to these challenges, a Censis study presented at a press conference highlighted the global logistics crisis that has led to delays in the supply of raw materials and an increase in prices for products like wooden packaging, cork, and glass bottles. The study also discussed the impact of the slowdown in exports and the Suez Canal crisis on the Italian wine sector. While exports to Europe have shown positive growth, other regions like Africa, America, and Asia have experienced a decline in demand for Italian wines.
Despite these challenges, there has been an overall positive trend in wine exports over the years, with significant growth in values exported to different regions. However, recent slowdowns in exports and global logistics crises have presented a more critical scenario for Italian wine exports. Amidst these challenges, the Italian wine sector is working hard to navigate through this difficult economic situation and maintain its competitiveness in the global market.
