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Trends : French wine and spirits exports up 18 % in 2010

Par Vitisphere Le 15 février 2011
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Trends : French wine and spirits exports up 18 % in 2010

he French Federation of Exporters of Wines and Spirits (FEVS) announces that French sales of wines and spirits abroad were back on an upward trend as the grew by +18.3% in value in 2010 compared to 2009, up to 9.09 billion euros. France would be on track to meet and even exceed the record sales levels seen before the crisis: the FEVS foreseens an increase of exports sales by 5 to 7% in 2011, that would cause wine and spirits export sales to exceed the record levels of 2007 and 2008

This recovery is led by the sales of spirits, with cognac (18% of exports of wines and spirits, up from 33% to 1.85 billion euros) and vodka (+40% to € 332 million) in the lead. Exports of champagne (21% of exports, up 22% to 1.9 billion euros) also expressed a "remarkable recovery," said Mr. de Jouvencel President of the FEVS. Bordeaux wines represent about 17% of total wine and spirits exports.

"The rebound in 2010 is strongly marked by the strong performance of Asian markets and a recovery of the North American market while the European Union markets are more timid," said Mr. de Jouvencel.
The United States remains the top destination for French wines and spirits (+25.4% to 1.6 billion euros). The UK follows closely (+7.5% to 1.3 billion euros), followed by Germany (789 million euros, +5.4%) and Belgium (593 million euros -2%). China enters the Top 5 with sales increased by 78.8% to € 564.8 million.

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