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French wine and spirits exports worth 118 Airbus aircraft in 2016

Par Vitisphere Le 10 mars 2017
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French wine and spirits exports worth 118 Airbus aircraft in 2016
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rench wine and spirits exports achieved value sales of 11.9 billion euros in 2016, the equivalent of 118 Airbus aircraft. “This is a new record, even though value sales rose by a marginal 1.2% compared with 2015 and volume shipments [Ed. 188 million 12-litre cases] were generally stable”, commented Christophe Navarre, chairman of the French wine and spirits exporters’ federation FEVS, at a press conference in Paris on February 9. With a trade surplus of 10.5 billion euros, wines and spirits consolidated their position as France’s second-largest contributor to the balance of trade, after the aviation industry and ahead of perfumes and cosmetics.

The factors that contributed to the industry’s export performance included a favourable Euro/dollar exchange rate and a surge in the American and Chinese markets. Value growth was supported by spirits, up 5.2%, especially Cognac which over-delivered with +6.5% by value and +5.5% by volume. Turnover generated by wine exports dropped slightly, by 0.8% to 7.9 billion euros. Value shipments of still wines held their own at 5 billion euros, whilst sparkling wines fell, mainly Champagne which dropped by 2.5% in value terms. The cause of this was pound sterling which “spiralled downwards and penalised our exports to England”, explained Christophe Navarre.

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