Italy - the macro view Flashcards

1
Q

Wine Business - key statistics for Italy

A

o Italy, generally largest wine producer in the world

o ~22% of world production

o Avg vineyard size – less than 2 ha

o Fragmented ownership with 600,000 growers

o Strong role of cooperatives: 50% of production; top 4 companies are cooperative

o Many selling to Cooperatives; merchants; large companies

o Wine consumption 1/3rd of previous levels; Spirits & beer have grown

o 40% of wines by volume are Exported

o In 2017: Exports : USA ( 26%); GERMANY( 18% )UK; Canada: Switzerland

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2
Q

Largest companies in Italian wine production

A

o Largest companies • Caviro: ( giant cooperative in 7 regions; processing 10% of Italian wines) • Cantine Riunite • Gruppo Italian Vini • Santa Margherita • Zonin

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3
Q

Wine terms: Winery? wine shop? Negociants? association of wine growers? high end wine store? Farm?

A

o Azienda Agricola: equivalent to Domaine / Azienda Vinicola: may buy grapes from elsewhere o Cantina: wine shop or winery. Cantina Sociale: cooperative winery o Casa Vinicola: equivalent to French négociants i.e. buys in grapes or wine o Consorzio: association of wine-growers; most famous is Consorzio Chianti Classico o Enoteca: wine shop w high quality wines o Fattoria: ‘farm’ but also used for wine estate / Podere: small farm as part of bigger estate

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4
Q

Top ten grape varieties planted in Italy?

A

Sangiovese 55,000 Ha. Pinto Grigio 40,000 Ha. Trebbiano 35,000 Ha + Glera 30,000 Ha. + Montepulciano 30,000 Ha. Catarratto 30,000 Ha. Merlot 27,000 Ha. + Chardonnay 22,000 Ha. + Primitivo 18,000 Ha. + Barbera 18,000 Ha.

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5
Q

Volume of Italian wine by quality category?

A

DOC 40% IGP 27% Vino 33%

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6
Q

What is Vino?

A
  1. Vino
  • Basic wine, declining in importance
  • Must not state the geographical source, variety or vintage on the label.
  • Mainly in the South of Italy and Sicily
  • Replaces ‘vino da tavola’
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7
Q

IGT is a part of the Italian wine classification, what does it mean and cover?

A
  1. IGT Indicazione Geografica Tipica: 1992
  • Introduced in 1992, equivalent to French Vin de Pays (PGI/IGP)
  • Incorporates wines made from varieties and techniques not traditional to area of production
  • And generally allows higher yields
  • range of styles:
    • abboccato (demi sec)
    • Frizzante (light sparkling)
    • Novello (drunk soon after harvest)
    • passito (sweet from dried grapes)
    • Vendemmia Tardiva(late harvest grapes)
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8
Q

The DOC designation in Italian wine classification

A
  1. DOC Denominazione d’Origine Controllata

o Similar to French AC: specifies zone, varieties, yields, techniques, wine styles, etc.

o 300+ individual DOCs; often extending further vs. original area > term Classico for original zone

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9
Q

DOCG is the highest wine classification in Italian wine, what is required and name some top DOCGs

A
  1. DOCG Denominazione d’Origine Controllata e Garantita
    1. Same criteria as DOC + bottled in region + must undergo a tasting by Ministry of Agriculture
  • 74 DOCG wines with most important being Moscato d’Asti, Barbaresco, Barolo, Brunello di Montalcino, Chianti, Chianti Classico, Vino Nobile di Montepulciano
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10
Q

What is the general meaning of terms like Classico, Superiore and Riserva?

A

Other terms for DOC and DOCG – legally defined:

  • Classico: Wines from grapes grown in defined historical zone of DOC/DOCG
  • Superiore: DOC with higher minimum abv (+0.5%-1%)
  • Riserva: wine with extended ageing (min 2 yrs for red, 1 yr for white) and higher minimum abv (+0.5-1%). Ageing not necessarily in wood.( some specify -some or part in oak)
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11
Q

What are the key factors affecting Italy’s climate?

A
  • Very diverse from North to South (Austria to Morocco latitude)
  • Apennines running down most of the country providing a range of sites
  • Regions influenced by the sea ; surrounds on 3 sides
  • Inland areas have continental climates
  • Generally: many have warm Mediterranean climate
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12
Q

Italy has a enormous number of varieties, but name the top 6 planted.

A

Estimated to be around 375-500: 6 most planted varieties

  1. Sangiovese- Central Italy
  2. Pinot Grigio
  3. Trebianno- Central Italy
  4. Glera - Veneto
  5. Montepulciano
  6. Catarratto- Sicily
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13
Q

Viticultural practices in Italy have changed over the last 50 years -what are the general changes?

A
  • High yielding, low density, tendone trained vineyards common in the 60’s and 70’s when EU subsidies came in > quality down and these were the base upon which DOC were created
  • Since 80’s: more quality focused producers with lower yields and better site selection
  • Traditional planting: Pergola training in North; High volume
  • Mixed planting (along with olive trees, grain etc) in Tuscany
  • Bush vines in South
  • Modern: Specialised vines on trellises; with some Pergola & Bush vines: by hand
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14
Q

Botti is the traditional Italian maturation vessel - what is it?

A
  • Botti: Large old Slovenian oak casks( 1000-1500L) neutral influence. Less and less used; enabling slow controlled oxidation& not adding new oak flavours
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15
Q

Italian production standing in the world?

A
  • Average ~51m hl/yr: 1st largest wine producing country w 22% of global production
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16
Q

average size of a vineyard in Italy?

A

2 Ha - very fragmented grower base

17
Q

Name some of the biggest wine companies in Italy

A
  • Largest companies
    • Caviro: ( giant cooperative in 7 regions; processing 10% of Italian wines)
    • Cantine Riunite
    • Gruppo Italian Vini
    • Santa Margherita
    • Zonin
18
Q

Cooperatives play a big role in Italy - what % of production/

A

50% of total production - top 4 companies are cooperatives

19
Q

Italian wine exports

A
  • 40% of wine volume is exported
    • with sparkling being 50% of that volume!
    • 65% of the value though is still wines
  • In 2017: Exports : USA ( 26%), GERMANY(18%); UK, Canada, Switzerland