Recently, Weinwirtschaft magazine, the German wine trade press, conducted its annual roundup of Italian cooperative wine companies.
Image from: Italian Wine Network
This year"s ranking of the top 10 Italian cooperative wine companies remains largely unchanged from last year, with the only difference being that La Marca overtook Cantina di Soave to move up to fifth place.
In fiscal year 2019, the 105 largest Italian wine companies had combined annual revenues totaling €6.8 billion, accounting for 47.35% of the total annual revenue of the wine industry, 62.7% of Italy's total annual exports, and 35% of annual sales in the Italian domestic market. Cooperative wine companies account for half of the 105 mainstream Italian wine companies: 41 of them are cooperatives, accounting for 43% of the total annual revenue of 105 companies.
In terms of annual revenue, topping the list of large Italian cooperative wine companies is Cantine RiuniteCIV, with a turnover of €623.9 million for the 2019 fiscal year (up 1.41% from last year), followed by Gruppo Caviro (€230.2 million, down 2.37% from last year) and Cavit (€191.4 million, up 0.47% from last year, up 0.47%). At the end of 2019, Cavit acquired 80% of the shares of G.L.V. srl, thus gaining control of brands such as Cantina La-Vis and Cembra Cantina di Montagna.
In 2017, seven cooperative wine companies joined forces to create The Wine Net, and through joint promotional efforts, all member companies (Cantina Valpolicella Negrar, Cantina Vignaioli Scansano, Cva, Cantina Frentana , Pertinace, Val dOca and La Guardiense) have significantly increased their turnover.
