Wine exports in H1 down 1.28% in value to €432M
"Wine exports have been falling for some months, figures that we began to predict from the moment producers registered a lack of raw materials in their production and problems in their distribution."
Portuguese wine exports fell 1.28% in value in the first half of the year to more than 432 million euros, according to data released on Tuesday by ViniPortugal.
“[…] From January to June 2022 there was a decrease of 1.28% in value in exports compared to the same period in 2021, exceeding 432 million euros (5.6 million euros less compared to the same period in 2021),” ViniPortugal said in a statement.
The association noted the growth of these exports in markets such as Angola (+55.2%) and Japan (+21.6%). In contrast, Russia posted a fall of 62.1% in this period. China, Germany and Sweden were also among the main downsides, with losses of, respectively, 47.7%, 12.8% and 16.8%.
Between January and June, Portuguese wine exports to the EU market showed a fall in value of 5.1%, while third countries increased by 2.2% compared to the same period in 2021.
“Wine exports have been falling for some months, figures that we began to predict from the moment producers registered a lack of raw materials in their production and problems in their distribution,” said, quoted in the same document, the president of ViniPortugal – Interprofessional Wine Association, Frederico Falcão.
For this official, the international conjuncture is the main cause of this setback, which contradicted the double-digit growth, verified in “a large part” of 2021 and at the beginning of this year.
“As such, we believe, even so, that we can end 2022, with a positive balance,” he concluded.
