Exclusive news and research on the wine, spirits and beer business

Burgundy Exports To The U.S. Rise By Value, Slip By Volume On Lower Stocks

September 27, 2022

Burgundy exports to the U.S. rose 4.4% to €132 million ($128m) in the six months through June, year-on-year, despite a 10.5% drop in volume to 783,000 cases. Burgundy’s overall exports showed similar results, with value up 12.4% to €711 million ($689m) on a volume decline of 10.6% to 3.9 million cases.

“This slowdown in exports can be explained by the low yields in 2021,” said François Labet, president of the Bourgogne Wine Board. “Estates and négociants have had to reduce the wine allocated to their various customers in order to satisfy everyone. Stocks are at their lowest and we will have to wait until the 2022 vintage arrives. The volumes we have just harvested, along with a weak euro for our dollar-zone customers, should breathe fresh life into 2023 sales.”—Daniel Marsteller

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.

Previous :  Next :