Wine Economics

Portuguese Wine Exports Increase H1

Exports of Portuguese wines increased by 14.5 % in volume and 19.3 % in value, during the first six months of 2021, reaching almost €436 million. “Portuguese wine exports had very positive behavior in the first half of 2021, registering a remarkable increase, both in value and in quantity, when compared to the same period […]

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Top 10 Countries that Imported Wine In 2020

The top 10 import countries of wine under the HS code 2204 are United States, United Kingdom, Germany, Canada, China, Japan, Netherlands, Switzerland, Russia, and Belgium. Ranking Top 10 import countries of wine for 2020 United States: US$ 5,884 million United Kingdom: US$ 4,397 million Germany: US$ 2,949 million Canada: US$ 1,974 million China: US$

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Chile in the process of setting up an “Organic Wine Growers’ Association”

A group of Chilean wineries are forming an association to promote organic wine due to the post-pandemic upsurge. News of the impending organization came during an interview with Jaime Valderrama, who is the managing director of Viña Miguel Torres Chile. The group of six wineries will be collaborating to promote organic wine from Chile, and

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Moët Hennessy and Campari team up for joint venture ecomms business

Moët Hennessy has teamed up with Italian company Campari to launch a joint venture ecommerce business to sell premium wines and spirits across Europe. The new business venture will see both companies invest in the pure-play digital retailer, which will be based on Campari’s existing ecommerce channel Tannico, which was launched by the Italian drinks

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Wine-Based Cocktails Drive Interest, As Wine Looks To Expand Its Audience

As the summer-selling season began in earnest and the demand for pre-packaged drinks continues to trend up, leading wine marketers have been busy maneuvering amidst a tricky economic landscape—trying to bridge the gap between the general market and craft cocktail enthusiasts. Buoyed by last year’s off-premise surge, a slew of wine-based ready-to-drink cocktails have thrived, even

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New Chianti Classico subzones or ‘UGAs’ have been approved

Last week at the June 2021 assembly of Chianti Classico’s governing Consorzio, a “very large majority” of Consorzio members approved changes to the disciplinare that have the potential to put some separation between the Riserva and the Gran Selezione levels. Here are two key aspects to the proposal: Focus on Sangiovese and native grape varieties

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Valpolicella Soars in 2021

The Valpolicella Wine Consortium has recently announced the numbers for the first five months of 2021.  The numbers show around 30 million state seals were issued for the Valpolicella, Ripasso, Amarone and Recioto origins, which is 18% over 2020. Compared to 2019, the increase is 14%.  Amarone, which after a disastrous January 2021 (-24.5 %),

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Monks of France’s First Papal Vineyard Sell Wine to Support the Community

The Benedictine monks and nuns who tend to the first papal vineyard in France have launched an appeal to sell their wine to help the families of local wine growers. Located on a hill in the Rhône Valley, the Abbeys of Le Barroux work together with the local wine-marking community to cultivate the land first

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Global alcohol consumption will bounce back to pre-Covid levels by 2023

Global alcohol consumption will return to pre-Covid levels by 2023, according to recent IWSR data, with the market already showing signs of recovery. Projected to grow by 2.9% in volume by the end of 2021, the research forecasts that total alcohol consumption will reach pre-Covid levels within two years and will continue to increase steadily until 2025.

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Swedish wine growers establish a new industry association

Do you have Swedish wine on your wine list?  Well, now it’s time! A group of Swedish professional wine growers recently formed a new industry association. Starting from a small-scale hobby cultivation, in just a few decades it has emerged to a large scale professional association. This new industry association has been set up to

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