Champagne Shipments To The U.S. Rise 6% in 2017March 20, 2018
Champagne shipments to the U.S. grew by 5.9% to 23.1 million bottles in 2017, according to the Comite Interprofessionnel du Vin de Champagne (CIVC), marking their fifth consecutive year of growth. Sales value progressed ahead of volume, rising 8.5% to $725 million. The U.S. is the largest export market for Champagne by value, and second-largest by volume, after the U.K.
While a number of brands have been making gains in recent years, the U.S. Champagne market continues to be dominated by the top two labels—Veuve Clicquot and Moët & Chandon—which combine for a market share of around 65% in terms of depletions and are both part of the Moët Hennessy USA portfolio. Globally, the CIVC said that Champagne recorded a record shipment value of over $6 billion last year, on volume of 307 million bottles.—Shane EnglishSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.