Italy becomes ‘dominant force’ on fine wine market

Oct 13, 2021 114

BY: Arabella Mileham

Italy has become a ‘dominant force’ on the fine wine market, with the country’s previously under-represented regions rising in importance on the secondary market, according to global fine wine marketplace Liv-ex.

Last year saw Italy’s sub-index rise by 12.2%, and the increased trading of Italian wine on the secondary market trade has seen Italy become the third most traded category, a recent report from Liv-ex shows. The country enjoying a record high market share at 16% in the year-to-date, behind only Bordeaux (40.5%) and Burgundy (20.4%).

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SOURCE: https://www.thedrinksbusiness.com/

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