'Worst Summer' For Global Wine Industry, Study Finds
The period between March and August 2020, which was dominated by the COVID-19 pandemic, was the worst summer in modern history for the global wine industry, according to a new study.
According to the Osservatorio Vinitalia-Nomisma Wine Monitor, wine imports by non-EU countries fell by 15.2%, or by around €1.4 billion compared to the same period last year.
Sales of sparkling wine (-28.8%) suffered the biggest drop, losing share in the top 10 global importing countries, which account for 92% of non-EU markets.
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