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May 30, 2022 View:

Argentine wine exports hit a nearly 12-year high in 2020

Despite the coronavirus outbreak, Argentine wine exports performed well in 2020, reaching 395 million liters, an increase of 26.7 percent over the previous year. Last year's exports were the highest in the last 12 years, according to the National Viticultural Institute (INV).

Image courtesy of: Argentina"s New World Weekly

Of last year's total exports, 202 million liters belonged to bottles and 193 million liters in bulk, up 5.7 percent and 59.8 percent, respectively, from the same period last year.

INV's statistical report shows an increase in sales of 83 million liters compared to 2019. Argentina became one of the four countries that achieved volume growth and was the fastest growing country, followed by Italy, New Zealand and Portugal.

The increase in exports has moved Argentina up a few spots in the ranking of world wine exporters, according to a report by the Inter-American News Agency. According to the latest data released by the Spanish Wine Market Observatory, Argentina ranks eighth among exporters of bottled wine and sixth among exporters of bulk wine by the end of 2020.

The main export destination for bottled wine was the United States, with 523,136 liters, up 2.2 percent. The United Kingdom was 281,817 liters, up 5.2 percent; Brazil 241,989 liters, up 34.8 percent; and Paraguay 149,476 liters, up 17.3 percent.

Exports of unmentioned varieties of bottled wine increased by 18.2 percent, while foreign sales of variety bottles increased by 4 percent. On the other hand, exports of sparkling wine fell by 8.2 percent, and exports of specialty wines and carbonated beverages fell by 48 percent.

In bulk, the main external buyers were China and Spain, which exported 367,573 liters, up 207 percent and 357,023 liters, up 451.8 percent, respectively. They were followed by Canada with 309,665 liters, up 45.6 percent; the United Kingdom with 295,250 liters, up 88 percent; and Mexico with 97,200 liters, up 38.5 percent.

In addition, exports of bulk wine to the United States fell by 42.1 percent. However, bulk wine exports to Australia increased by 457.7%, with the country importing 47,036 liters of Argentine bulk wine. In this case, exports of wine without mentioning varietal wines increased by an average of 44.9%, while exports of varietal wines jumped by 84.2%.