SAVE THE DATE
G A L A I T A L I A
Thursday, March 2, 2017
Read our latest Press Release:
Note by the Italian Wine & Food Institute
ITALIAN WINE MAINTAINS ITS POSITION IN RAPIDLY DEVELOPING U.S. MARKET
New York, May 9 – After a particularly positive start to the year, U.S. wine imports, which in the first two months of 2016 recorded a substantial increase of 31.5% in quantity and 15.3% in value, have now stabilized.
According to data released today by the Italian Wine & Food Institute, U.S. imports amounted to 2,266,550 hectoliters with a value of $938,620,00 in the first quarter of the year against the 2,080,760 hectoliters with a value of $865,319,000 recorded for the same period last year, an increase of 8.9% in quantity and 8.5% in value.
In this context, Italian wine maintains its leadership position in the market with an increase of 3% in quantity and 2% in value.
These percentages, according to President of the Italian Wine & Food Institute Lucio Caputo, are even more positive, albeit contained, when considering the contrasting, rapid changes currently occurring in the market: Chile jumped to second place in the market with an increase of 40%; Argentina dropped to the fifth position with a decrease of 25%; and France rose to fourth place with an increase of 30.5%.
The reason for these variations is due to the notable reduction in the U.S. import of Australian and Argentinian bulk wine (respectively -39.3% and -44.5%), and the increase in the import of bulk wine from Chile (68.7%), which, according to Caputo, denotes the volatility of this type of imports and the tendency of American producers who use these wines to import them from countries that offer, at that moment, the best conditions in the quality-price ratio.
Overall, Italian imports rose from 575,970 hectoliters with a value of $296,224,000 in the first quarter of 2015 to 593,370 hectoliters with a value of $301,914,000 in the corresponding period of 2016.
Read more: https://iwfinews.com/press-releases/2016-2/
For Italian version of this press release: https://iwfinews.com/comunicatipress-release/2016-2/
FOR GALA ITALIA: 31st EDITION
New York, February 22 – With the participation of over 300 of the most famous and important American wine and food editors, the 31st edition of the GALA ITALIA took place on February 18th at The Pierre Hotel in New York.
The challenging and prestigious event reached an unprecedented success as it celebrated leading personalities who have dedicated their lives and careers to food and wine. Their accomplishments were further underlined by the president of the Italian Wine & Food Institute, Lucio Caputo, during his widely-applauded welcome remarks, in which he also highlighted the success achieved by Italian wine in the U.S., with over 3.5 million hectoliters for a value of $1.5 billion exported to the U.S. in 2015.
This year, the GALA ITALIA featured a tasting of select wines from major Italian wineries (particularly those that appeal more successfully in the American market) and a Gala Dinner composed of nine great wines paired with a five-course menu, which was specially designed to give maximum emphasis to the wines. Throughout the evening, awards were presented to some of the personalities who have contributed most to the affirmation of Italian wines.
Receiving the Italian Wine Excellence Award – to the applause of more than three hundred guests crowding The Pierre Hotel’s elegant Ballroom – was Adam Strum, Publisher and Editor of Wine Enthusiast, who, after taking a trip to Verona with Dr. Caputo to visit Vinitaly (in the 1980s), discovered Italian wine, which he has since then always emphasized.
The Wine Leader Awards were presented to John Mariani, the well-known journalist and author of best-selling books, including How Italian Food Conquered the World; Florence Fabricant, the famous New York Times reporter and icon of American journalism; and Mary Ewing-Mulligan MW, the director of the International Wine Center and the first American woman to be awarded the title of Master of Wine. Among the restaurateurs rewarded were Sirio Maccioni, who has elevated Italian gastronomy to unprecedented levels, and Fabio Granato, who, with Vittorio Assaf, spread high-quality Italian wine and food across the world through their restaurant Serafina.
Read more: https://iwfinews.com/press-releases/2016-2