In the first half of the year world wine trade is increase by 2%. France (+ 6%), New Zealand (+ 10%) and Argentina (+ 10%) are the main countries that growth in exports. In Italy, Spain and New Zealand there has been growth of 3%.
The devaluation of the euro against the dollar, from 1.21 (average first half 2018) to 1.13 (first half 2019) could have contributed to these positive results.
The second half of the year could be characterized by the introduction of import duties in the USA for France and Spain, among the large exporting countries. It could be the opportunity for Italy to regain some positions (lost for the benefit of France) in the US market
The worldwide market request to French is composed by Champagne (+ 8%) and Burgundy The growth of French exports is based on the average price, + 5%, while the volumes of hectoliters are stable.