In Italian cellars, an 11% decrease in stock over a year: stocks of IGP wines and musts plummet

Mar 19 2024, 12:39

The report by Cantina Italia from ICQRF indicates a significant decrease in table wines, IGP, and musts: 56 million hectolitres in stock. These are signs of a challenging year like 2023. Among the denominations, Prosecco dominates the ranking, followed by Puglia and Salento IGTs

There's a sharp decline in table wines, IGP wines, and musts, but there's also a decrease in PDO wines. The picture offered by the ICQRF Report from Cantina Italia in February 2024 states that Italian cellars have 56.1 million hectolitres of wine and 4.8 million hectolitres of musts, with respective decreases of 10.9% and 31.6% compared to the previous year. The signs of a very complicated year like 2023 are now clearly outlined in the report. PDO products lose 5.3 percent

In particular, PDO wines experience a total loss of 5.3% (at 30.8 million hectolitres), both reds (-6.6%) and whites (-4.1%), IGP wines drop by 14% (at 14.7 million hectolitres), with whites and reds decreasing by double digits respectively by 13.7% and 14.5%. Table wines drop by 21.5% to 9.8 million hectolitres. Compared to the survey of January 31, 2024, the stock data is lower for wines by 4.2% and for musts by 11.1%.

More wine in Northern regions

At the regional level, 59.3% of the wine is held in Northern regions, mainly in Veneto (14.7 million hectolitres), followed by Emilia Romagna (6.5 million hectolitres), Puglia (6.3 million hectolitres), Tuscany (5.6 million hectolitres), Piedmont (4.5 million hectolitres), Sicily (3.38 million hectolitres), and Lombardy (2.62 million hectolitres). 55% is PDO, 26.3% is IGP, varietal wines constitute just 1.2% of the total. 17.5% is represented by other wines. At the provincial level, Treviso and Verona dominate the stock picture, with 6.4 million and 4.8 million hectolitres, then Ravenna (2.48 million hectolitres, of which 1.54 are only common wines), Cuneo (2.45 million hectolitres), Siena (2.1 million hectolitres), and Chieti (1.99 million hectolitres).

Prosecco reigns in stocks

Considering the types of wine, among PDO and IGP, Prosecco PDO, given its large production volume, is the most held wine in Italian cellars (12.6%), followed by Puglia IGT (4.9%) and Salento (3.5%), Sicily PDO (3.4%), Tuscan (3.3%), Delle Venezie DOC (3.2%), Veneto IGP (3%), Montepulciano d'Abruzzo (2.9%).