Spain and Italy are experiencing unusual bulk wine price trends. While Spanish red wine prices rise due to lower harvests, Italy sees declines, with older vintages trading higher than new ones. France's demand may shift the market.
This month’s Ciatti Global Market Report looks back at the year just passed. If 2022 was characterised by inflation, and 2023 by interest-rate increases to tackle inflation, then 2024 was characterised by the hangover. A word for it: “Vibecession.”
With vineyards uprooted and the 2024 vintage nearly sold out, Chile faces a shrinking white wine supply, while Argentina anticipates a rebound thanks to a frost-free spring.
The European wine market faces significant challenges, from Spain’s devastating floods and shifting bulk wine trade to rising white wine prices in France and Italy due to harvest issues.
After two years of shorter crops, is the bulk wine market finally moving towards some supply-demand balance? Meanwhile, US import tariffs and UK duty increases are back on the agenda.
California's grape harvest has slightly fallen below average due to a late-season heatwave that accelerated harvesting. At the same time, global bulk wine markets remain subdued amid uncertainties in Argentina and other regions.
It’s got a wine-growing history that dates back to the Roman world. It’s got more than 220 authorised grape varieties over 55,000 hectares of vineyards, and it’s one of the most exciting wine-growing countries in Europe.
