Italy seen benefitting the most from rising wine consumption worldwide in next four years

Apr 14, 2017 824

BY: Emanuele Scarci

Worldwide wine consumption will grow by 4.3% over the next four years, led mainly by buyers in China (21.6%) as well as Russia (6.1%) and the United States (5.7%). These statistics from ISMEA agricultural research and funding institute were presented at Vinitaly, the 51st edition of the international wine trade show in Verona, which ends today.

ISMEA also foresees a 2.4% growth in production; this would be more contained than the growth in consumption. Italy is expected to be the most dynamic country through 2020, with a 10% increase in global sales (by value;) this would place them ahead of France and Chile (+6.1%,) the USA (+4.3%,) and Spain (+3.6%).

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SOURCE: http://www.italy24.ilsole24ore.com

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