Allegrini 2018

Everything to reconsider: Chinese customs review data, 2018 positive for Italian wine

Belpaese only EU exporter active but remains the fifth supplier. Down France and Spain, Chile and Australia are growing, the Beijing ICE announced
Chinese customs review upward in 2018 imports, Italy closes in a positive way

Everything to reconsider: Chinese customs have revised data on wine imports 2018, and the comforting news is that Italy is not only not in negative territory, but also the best, in terms of growth of values, of EU countries. The Beijing ICE reported this, however, underlining that “there is still concern about a general slowdown in Chinese demand in the last quarter of the year and even more in the last month of 2018, even as an indirect effect of the ongoing trade war with the United States”.
In any case, the data that emerges is that the Belpaese has closed with a growth of 4.6% in value in 2017, to share 168 million dollars. But it remains, however, the fifth supplier country. France is firmly in the lead, despite a loss of -3.12%, closing at 1.06 billion dollars in value, far from Australia, second supplier, which however grows by 7.3%, to 782 million dollars, as well as Chile, third, which makes + 14.5%, to 376 million dollars, with an evident positive effect, for these two countries, of the close trade agreements with China. Spain, the fourth supplier, collapsed, just ahead of Italy, with 169 million dollars, at -12.6%.
Results, however, for all disappointing, after the first half of 2018 that made us dream, with all the countries growing, from + 9% in Spain to + 40% in Australia, passing + 13.5% in France, +22, 3% in Chile and + 25.4% in Italy.
Sign of a market that, for wine, is important, but still far from reliable and mature, and where dynamics that go beyond those closely linked to the world of Bacchus, can change the scenario in a few weeks.

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