Champagne Exports Hit Record Heights

Champagne Exports Hit Record Heights

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Life’s a gas for bubbly producers as thirsty international markets drive sales through the roof.
By Caroline Henry | Posted Wednesday, 21-Mar-2018
Champagne exports hit a new record last year, with new markets making up for a disappointing result in one of the region’s traditional strongholds.

Poor sales in the UK were attributed to a post-Brexit tightening of household purse strings and a devalued currency, but Asia helped producers forget about the gloomy British picture.

The record value figure was carried by the increasing export sales – which are now just shy of 50 percent of the total production, with 153.5m bottles sold totaling €2.8bn, or 57.4 percent of the total sales value. In concrete terms this means export sales increased by 5.4m bottles compared to 2016. The French market share decreased slightly in volume (from 158m bottles to 153.8m bottles) but the sales value remained stable at €2.1bn.

Over the weekend, the Comité Champagne released its 2017 sales figures at Prowein. There was much reason to celebrate as the 2017 sales value soared to €4.9 billion ($6bn), breaking the 2015 record of €4.74bn. The total volume, at 307.3 million bottles, was up by 1.2m bottles compared to last year (306.1m bottles) but remained well below the 2015 volume level of 312.6m bottles.

 

Read the full report here: https://www.wine-searcher.com/m/2018/03/champagne-exports-hit-record-heights

UK Agora
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