The weekly review of news on Italian wine for the Chinese market!
Let’s open with the latest data on Italian wine: in the first half of 2021, wine sales in large-scale distribution reached 1.3 billion euros, registering a + 9% on the same period of 2020, which becomes + 18.4% on 2019 , equal to 200 million more in the last two years. It emerges from the Nielsen data, analyzed by Coop, which presented the digital preview of the “Coop 2021 Report”. Italian PDO wines are close to 580 million euros, while PGIs are worth over 287 million euros. Red wines dominate in terms of turnover, while whites and sparkling wines have the best performances in terms of growth.
Here are the new forecasts for the harvest. National wine production in 2021 drops to 44.5 million hectoliters, a figure down 9% compared to 49 million hectoliters in 2020 which, despite the contraction caused by the anomalies of an increasingly protagonist weather, does not affect the production record tricolor. This in a year in which Spain stops at around 40 million hectoliters and France which, due to the climate, expects a production drop of 29%. Italy resists, with encouraging signs for a restart.
The female cellars are attentive to the environment. This is what was declared by the president of the national association Le Donne del Vino, Donatella Cinelli Colombini, presenting two conferences scheduled in Florence on 13 and 14 September, as part of the initiatives that precede the G20-Agriculture. According to Cinelli Colombini, among the associates “51% have the Bio certification or are about to obtain it. 33% use light bottles on the entire range and 40% on at least half of the wines. 360-degree sustainability, from the vineyard to the packaging of the finished product for both organic and conventional farms “.
Let’s move to Tuscany, where Giovanni Manetti, born in ’63, from Tuscany, has been confirmed as President of the Chianti Classico Wine Consortium for the second three-year term. The appointment was made today by the newly elected Board of Directors which decided, unanimously, to entrust again to the owner of the well-known Chianti company in Panzano, the delicate task of leading the Consortium in a very particular and unprecedented period, such as the current one.
We stay around for the next news too. From 2006 to 2019, the Brunello di Montalcino wine companies recorded an increase in added value from 39% to 42%. Equity also increased from 37% to 63% and, at the same time, the reduction of financial debts, from 45% to 23.4%. This was revealed by a study carried out by Banco Bpm and presented in the Tempio del Brunello Museum in Montalcino (Siena) on the occasion of a conference on the opportunities of the PNRR in the Brunello district.