World wine trade recorded in March 2022 the highest price in its history, with 3.55 €/liter
In a period of great commercial uncertainty due to the Russian invasion of Ukraine, the sharp rise in energy and fuel prices or the transport and supply crisis, the world wine trade reached in March 2022 the highest price in its history for a calendar month, with 3.55 euros per liter. This caused a fall of 7.4% in the overall volume marketed, but an increase of 10.5% in turnover.
In the year-on-year (12 months) to March 2022, France consolidated itself as the country with the most invoices in wine exports as it grew above its competitors (+30%), invoicing 2,674 million euros more. Italy (+17.5%) and Spain (+7.2%) appear far away, also with positive developments. All three rose in price.
However, Italy grew the most of the three in volume (+10.3%) and surpassed Spain (+4.9%) as the leading supplier, followed by France by far (+7.5%). Italy exported 209 million more litres, a figure similar to the sum of Spain (+106 million) and France (+103 million). Australia, the only major supplier that reduced its turnover, due to its crisis in China.