29 Jul 2017 / 11:07

Export. The trimester outside the EU is positive for Italy

The first trimester of 2017 was positive for Italian exports out of the European Union, with +6.3% registered from January to March. Here are a few details.

Export. The trimester outside the EU is positive for Italy

The first trimester of 2017 was positive for Italian exports out of the European Union, with +6.3% registered from January to March. Here are a few details.

Italy was in the norm of world trade, which showed +6.1%, and showed greater growth than its principal competitor, France (+3.9%). Chile, however, jumped 17.8%in three months and is now ahead of Spain in terms of the value of its exports. In its principal market, the USA, Italy increased sales compared to the first trimester of 2016 (+4.3%), but grew considerably less than France, which showed +18%, reaching 360 millioneuros, coming close to Italy’s 380.6 millioneuros. Two large buyers of Italian wine, Canada and Switzerland, showed, respectively changes of +7.7%and +4.6%. Wine sales in China were particularly positive, with purchases up 1.3%. Italy did well in China, as Osservatorio Paese Terzi of Business Strategies noted, enjoying an increase of 15.9%. “We note more than one indication that a change of course in our favor is on the way,” said the CEO of Business Strategies, Silvana Ballotta.

Another country in ferment seems to be Russia. Customs data, the Osservatorio said, showed growth of 53.6%, for a value of 44.7 millioneuros. As far as wine categories go, sparkling wines grew 11.7%, especially in Hong Kong, Brazil and Russia, with increments between 40% and 55%. Bottled reds (+6.4%on the average) grew in Russia (+53.1%), Hong Kong (+50.9%), China (+18.6%) and Brazil (+31.5%).

Great Britain. The Brexit effect. Wine prices have never been so high

The Wine and Spirit Trade Association has no doubts. In Great Britain, Brexit is pushing wine prices up. In the latest report published, the average price of a bottle of wine has increased more in the first three months of 2017 than in the last two years, an increment of 3% in 12 weeks. In the two years of 2015-2017, the increment was barely 1.1%. The average now is 5.56£ per bottle. But the worst is yet to come, since the figures do not take into account a rise in alcohol duty (2.9%) announced recently, adding 8 pence to the cost of an average bottle, in line with inflation. The combined effect of Brexit, taxes and weak sterling will inevitably lead to further price increases, now called the “Triple Whammy”. Miles Beale, WSTA chief executive commented, "Unfortunately, for both British businesses and consumers, we are clear that this is not a one-off adjustment, but rather that wine prices will continue to rise. We all know that Brexit will be complicated, but something has got to give and Government must start showing its support for the UK wine industry and the 275,000 jobs that our industry supports by tackling our excessive duty rates at the Autumn Budget." Consider that 2.16£ of each bottle are destined purely for wine duty, which for sparkling wine becomes 2.77£. The sector provides the English treasury with 9.5 billion pounds sterling per year, more than any other category of alcohol.

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