(ANSA) - ROME - With the current international instability, fine wines are increasingly a safe haven to protect their capital from economic crises.
A positive trend that also affects Italy, no longer just as a producer of great wines, but because more and more Italians decide to invest their capital in this sector.
In the last year the value of national fine wines has grown by 15.4%, as Oeno Group, leader in the sector of this kind of investments, informs on the occasion of the two days Be.Come 2022 dedicated to Siena to wines of excellence .
"There are three primary factors that give value to wine and protect it from market disturbances - explained the director of Oeno Group Justin Knock MW, - the very high quality, rarity and high demand for a limited world production given that less than 1% can be defined as 'fine wine'. Three elements that allow this form of investment to be considered a safe haven, such as gold or art ".
The positive trend that leads more and more people to invest their capital, says Oeno Group, often young people between 30 and 40 years old,
In the third quarter of 2022 the best results were obtained by Champagne and Italy, with + 8.7% and + 3.7% respectively.
The national index, which gathers 5 Super Tuscans and 5 Piedmontese producers, shows a constant growth trend with a market value of + 29% in the last 2 years and 48% in the last 5;
the import duties imposed in the United States from 2019 to 2021 contributed. The international market share of fine wines also increased from 8.8% in 2019 to 15.1% in 2020 and to 15.4% in 2021, stabilizing at 11.8% in 2022. The distribution of the territories still sees Tuscany in the lead, representing 57.7% of the market, but with Piedmont growing more in the last year.
(HANDLE).