Consumption and price trends for Balsamic Vinegar of Modena
Pressrelease by Consortium for Balsamic Vinegar of
2007 is showing positiveresults again for the industry of Balsamic Vinegar of Modena: despite theconsumption growth trend has been leveling compared to the average growth ofthe previous 5 years (which showed double-digit figures), the first industryforecasts for 2007 show an increase in volume of about 5% vs the previous year,with an expectation for a total output of more than 80 million liters.
As far as concerns costs andprices, the industry of Balsamic Vinegar of Modena is strongly influenced bythe wine and grape markets, particularly for grape must and this aspect willstrongly affect the 2008 quotations.
In fact, data released by theagricultural organizations after the 2007 harvest show that the results of thegrape collection were the worst in the last 50 years, with a huge decrease inquantity and tensions on demands, which caused a price increase for these rawmaterials of up to 35%more compared to 2006.
Furthermore, strong increasesare also expected in packaging materials – especially for glass bottles-, transportation and services: forecasts are that the combined effect of allthe said increases will lead to increases in price lists of about 10%-15%.
For any additionalinformation please contact:
Consorzio Aceto Balsamico di Modena
E-mail: info@consorzioacetobalsamico.it