Italian Wines: Strong Growth Potential for Wines Beloved by U.S. Consumers

Mar 03, 2017 232

Current import statistics reveal the robust position of Italian wines in the United States. In 2016, Italy, the world's leading wine producer, accounted for 32.4% of the market share of imported wine in the U.S., representing nearly $1.8 billion in sales (6% increase vs. 2015), according to the U.S. Department of Commerce.

Italy maintained its position as the number one international supplier of wines to this country both in terms of value and volume, with a total import of 323.8 million liters. America's thirst for Italian wines has only deepened over the years. According to Wine & Spirits Magazine's most recent Restaurant Poll (2016), Italian wines accounted for nearly 20% of wines on the top ten lists -- leading all other countries outside of the US. Italian wine imports to the U.S. represent 25% of its wine exports overall.

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SOURCE: http://finance.yahoo.com

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