Wines of Chile North America’s Post

Italian wine exports to the U.S. reached €939 million, a 4.7% increase in value and a 2.5% rise in volume compared to the same period in 2023. My last article below 👇

"Grape variety remains one of the most influential choice factors for consumers when buying wine." 🍇 Does this ring true for you? In a recent market bulletin from Wine Australia, IWSR research from 2023 was analysed for ten key wine markets (representing 90 per cent of Australian wine sales) and found that grape variety was in the top two most important choice cues in seven of the ten markets. What do you base your wine choice on? Is it grape variety, or something else? Let us know in the comments 👇 Head to Wine Australia to read all the findings.  #NWC #NationalWineCentre #WineAustralia #AustralianWine

Our Q2 2024 Market Report is Here! 🍷 I'm excited to share the latest insights from Cru Wine's Q2 2024 Market Report, which just came out. Our in-depth analysis reveals fascinating developments in the fine wine market and how economic shifts are impacting the wine market. Key Highlights: UK economic growth surged by 0.9% in Q2 2024. With inflation back to 2%, interest rate cuts are on the horizon Performance insights of top wine regions: Bordeaux, Burgundy, and Champagne. I encourage you to dive into the report to find valuable insight into our fascinating industry! #FineWine #WineInvestment #MarketReport #CruWine #EconomicGrowth #WineMarket

Our Q2 2024 Fine Wine Market Report is now available. Our Senior Portfolio Manager Matthew Small has taken a look at the macro and micro factors which are currently influencing the wine markets, as well as analysing the recent 2023 Bordeaux En Primeurs and details why mature Bordeaux can be trusted to hold its value. #WineInvestment #FineWine #WineCollecting

Top wine buyers issue a rallying cry for the wine industry to rise and confront market challenges head-on. It's a fight for relevance, innovation, and sustainability in a rapidly changing world. Are you ready to join the vanguard? #WineIndustry #MarketFight #InnovationInWine #SustainableViticulture #WineTrends #LuxuryWine #GlobalWineMarket #WineBusiness #ViticultureInnovation #WineRevolution

🍷 Sector studies: «#Winery» 🌍 The three largest wine #producing countries (Italy, France and Spain) have a combined share of 48.2% of world production in 2023. #Greece is ranked 20th among the EU-27 Member States in 2023. 📊 💬 The numerous wine growing native grape varieties in #Greece make the country one of the most multi-diverse in terms of wine production, contributing to the #diversity and uniqueness of Greek wines. 📝 Competition in the industry focuses on product #differentiation, pricing policy and promotional activities. 👉 The intensity of competition is also shaped by the high bargaining #power of customers and it is noted that the industry is also affected by #substitute products. For more information: ☎+30 210 7475830-38 📲 info@stochasis.com

The re-entry of Australian wines into the Chinese market is a promising sign, but it's only the beginning. Premium wines from Australia are seeing solid demand, particularly in the luxury sector. However, the broader wine market is still grappling with the aftershocks of COVID-19 and China’s economic challenges. While the immediate future looks positive, the real test will come after major events like Chinese New Year, when 60% of annual wine sales occur. What should Australian wine producers focus on to ensure long-term success in the Chinese market?  I’d love to hear your insights! #WineIndustry #Australia #ChinaRecovery #PremiumWine #WineTrends #GlobalMarket #ConLivisisanis

World wine exports in 2023 decreased by 6.3% in volume compared to 2022, recording the lowest volume since 2010. Despite 4.7% decrease compared to the 2002 record high, the global wine export value in 2023 reached 36.0 billion EUR, the second highest ever recorded. #BlendandBond #SouthAfricaWineSummit #SAWineSummit2024 #SAWine #SouthAfricaWine #CTICC #WineSummit WineLand Media OIV - International Organisation of Vine and Wine Wine Australia New Zealand Wine Wines of Argentina  

It's concerning to witness the ongoing trend in the wine industry where production outpaces demand, leading to a surplus of exports at discounted rates worldwide. This oversupply crisis is affecting various countries, with even established wine producers like France, Australia, and Italy encountering difficulties. Notably, the issue extends beyond regular wines to encompass fine wines. Despite these challenges, fine wines continue to demonstrate resilience. Do share your thoughts on this important Subject #WineIndustry #GlobalMarket #OversupplyCrisis

Italy's wine exports have seen solid growth in the first half of 2024, reaching 1.05 billion liters (up 2.6%) and €3.87 billion in value (up 3.3%). Sparkling wine led the way with an 11% volume increase, while packaged wine remains Italy's top export. Despite strong performances in North America, with the U.S. leading in value, Italy continues to hold the top spot globally by volume. Notable gains came from Russia (+74% in volume) and Austria (+20.4% in value), while markets like France and Switzerland showed declines. Italian wines continue to shine on the global stage! Read full article here: https://lnkd.in/ekHvb7Jr #ItalianWine #WineExports #GlobalTrade #MadeInItaly