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May 30, 2022 View:

Only 10% of the Italian wine sector will see growth in turnover in 2020

According to a survey presented at the Vinitaly-Nomisma Wine Monitor's International Summit on November 21, only 10% of companies in the Italian wine sector will see growth in turnover in 2020, while 70% will see a decline in total sales, Wine News reported.

Photo courtesy of: Le Wine Guest

According to a study conducted on 165 companies (cumulative turnover equal to 4 billion euros, of which 2.5 billion euros are related to exports, representing 40% of the Italian total), the biggest challenges facing Italian wine companies are the decline in the trade market, the HORECA channel* (91% of wineries), specialty retail (75% of producers), exports (63% of wineries) and direct sales from wineries.