2020 has been the worst year for French alcohol exports. 1 billion euros less than the previous year on the exports. There are various reasons, which are: Trump taxes, covid 19. restaurants closures, Chinese consumption decrease.
Covid 19 surged right before the Chinese new year, duty-free losses because of the airport reduced traffic, as China / Hong Kong and Japan represent almost 20% of the FR alcohol exports. If we add to that the US Trump taxes, 2020 is definitely a year to forget for the French wine sector.
Covid 19 surged right before the Chinese new year, duty-free losses because of the airport reduced traffic, as China / Hong Kong and Japan represent almost 20% of the FR alcohol exports. If we add to that the US Trump taxes, 2020 is definitely a year to forget for the French wine sector.
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