required report public distribution date 12 17 2004 gain number it4038 italy wine annual approved by ann murphy us embassy prepared sandro perini highlights s production rose 20 percent from 2003 to 53 million hectoliters thanks more favorable weather quality of this year vintage is reported as very good with peaks excellence exports in cy dropped significantly volume due reduced shipments bulk table germany and france but are expected partially recover the now leading export market terms value although growing marginally affected stronger competition other exporters such australia estimated have increased remarkably represent a small share italian consumption includes psd changes yes trade matrix no rome it1 it usda foreign agricultural service global agriculture information networktemplate version 2 09 page unclassified contents section i situation outlook 3 ii statitistical tables 4 imports