French wine exports

Resisting of fading?

Vendredi 20 septembre 2013 par Vitisphere

French wine exports: resisting of fading?

According to the French Federation of Wines and Spirits Exporters (FEVS), during the first six months of 2013, France exported 70.5 million cases of wine (-1.7% compared to the first half of 2012), worth 3.5 billion € (+0,3%). Louis-Fabrice Latour (FEVS president) sees these figures as a confirmation that "the wine and spirits sector is one of the most dynamic in French foreign trade. The slight increase of our turnover has to be seen as a consolidation of our performance, while other French exports fell by 2%''.

Chinese investigation procedure remains at the heart of professional preoccupations, but many operators are worried by these mixed trends, especially the volume decline. To them, Louis-Fabrice Latour says that "we can not sell what we do not have in our cellars!''

After the 2012 historically small crop, the limited availability of French wines was indeed a drawback.

In detail, exports of sparkling wines increased in value (+1.8%) and remained stable in volume. French still wines followed another trend (-1.8% in volume, +0.2% in value). Export markets were heterogeneous, growing demand was experimented in the United States (+5% in value), while China showed signs of decline.


 


 

[Illustration: Monthly evolution of French exports of wines and spirits in value ; Customs/FEVS]

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