The high US tariffs on EU (European Union) wines from which Italy was excluded were an important factor in its secondary market success from 2019 to early 2021. Since those tariffs were abolished, trade for Italian wines has declined, from around 15% of trade in last year’s report to 11% this year.
Many Italian wines have dropped down the list. A bit like Bordeaux, total trade by value and volume is still strong but price performance has slowed, especially compared to Burgundy and Champagne.
Sassicaia remains the highest-ranked Italian wine estate and the sixth most-traded by volume, though it dropped 22 places to 30th.
The Italian producer on the move though is Tignanello. It rose 16 places to 49th through a combination of high trade by volume (seventh overall) and thus a high total trade value. It also helps that it is the cheapest Italian wine in the top 100, with an average case price of 1.251 Euros.
© Photo: Wikipedia - Thomas Fabian