Burgundy Exports Slide By Volume But Eke Out Value GainMay 27, 2014
Burgundy wine exports fell 12% by volume in the first quarter of 2014, as shipments to key nations like the U.S. (-14%), U.K. (-28%) and Japan (-11%) saw double-digit decreases, according to the BIVB trade group. Burgundy exports to the U.S., U.K. and Japan also fell by value, declining 1%, 7% and 8% respectively. However, strong growth in shipments to China—up 11% by volume and 28% by value—buoyed Burgundy’s revenue total, which registered a 1% increase. Commenting on the Chinese surge, the BIVB stated, “A share of imports (to China) which previously went through Hong Kong seem now to be going direct to mainland China.”Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.