HS Code:
Effervescent wine, classified under HS Code 2204.10, includes sparkling wines such as Champagne, Prosecco, and Cava. These wines are characterized by their carbonation, which can be natural (via secondary fermentation) or artificial. This category is a significant segment of the global wine market, often associated with celebrations and luxury consumption. The trade of effervescent wine is driven by cultural preferences, production expertise, and branding, with major production hubs in Europe.
Total Trade Volume
USD 7.2 billion
Data from 2022
Source
International Trade Centre (ITC) Trade Map
Average Rate
8.5%
Highest Rate
35% (applied by certain Asian markets)
Lowest Rate
0% (under EU free trade agreements)
Rising demand for affordable sparkling wines
Increased market share for Prosecco and Cava over traditional Champagne due to competitive pricing
2021-2022
Growth in emerging markets
Countries like China and India showing higher import volumes due to growing middle-class consumption
2020-2022
Sustainability focus
Producers adopting eco-friendly packaging and organic production methods to appeal to environmentally conscious consumers
2022
Negotiations to reduce tariffs on EU effervescent wines exported to China have progressed, potentially lowering the current 14% tariff rate.
June 2023
Could boost exports from Italy, France, and Spain to China, increasing trade volume by an estimated 10%.
The US and EU reached an agreement to suspend retaliatory tariffs on European wines, including effervescent varieties, as part of a broader trade dispute resolution.
March 2023
Expected to stabilize export revenues for European producers, particularly benefiting France and Italy.
Italy successfully lobbied for stronger international protection of the Prosecco name, limiting the use of the term to wines produced in specific regions.
September 2023
Strengthens brand value and market position of Italian effervescent wines against imitators.