According to the Vinetur, in the first quarter of 2024, Portugal's wine exports experienced a nuanced performance marked by a slight decline in volume but stability in revenue.
According to data from Portuguese customs, the country exported 74.3 million liters of wine, reflecting a 2.1% decrease compared to the same period in 2023.
This marks the lowest volume for this period since 2020. Despite the drop in volume, the revenue from these exports remained steady, nearly reaching 212 million euros, thanks to a 2.2% increase in the average price per liter, which now stands at 2.85 euros.
Several significant shifts in market dynamics were observed during this period. France emerged as the top global market for Portuguese wine, surpassing Angola in volume and the United States in value.
This change underscores France's growing appetite for Portuguese wine and its willingness to pay a premium for it.
According to data from Portuguese customs, the country exported 74.3 million liters of wine, reflecting a 2.1% decrease compared to the same period in 2023.
This marks the lowest volume for this period since 2020. Despite the drop in volume, the revenue from these exports remained steady, nearly reaching 212 million euros, thanks to a 2.2% increase in the average price per liter, which now stands at 2.85 euros.
Several significant shifts in market dynamics were observed during this period. France emerged as the top global market for Portuguese wine, surpassing Angola in volume and the United States in value.
This change underscores France's growing appetite for Portuguese wine and its willingness to pay a premium for it.
