Wine exports in Argentina grew 34.1% in the accumulated January-November

Published 2020년 12월 6일

Tridge summary

Argentina's wine exports have experienced a significant growth of 34.1% from January to November 2020, compared to the same period in 2019, contributing to the country's rise from the 11th to the 8th position in the global export rankings. This increase is primarily attributed to bulk wines, with a notable growth in fractionated wines as well. The expansion is all the more impressive given that most other wine-producing countries saw a decline in exports. Argentina's wine exports are distributed to 120 countries, with notable growth in the United States, the United Kingdom, Brazil, and Ireland. Despite a slight decrease in the FOB value, this is shaping up to be a record year for wine exports, with an increase in export refunds expected to further boost exports in 2021. Additionally, the article discusses the potential opportunities and challenges for the Argentine wine industry, including the impact of Brexit, the trade dispute between China and Australia, and the effects of fires in California and Oregon on the global wine market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Between January and November, wine exports grew 34.1%, compared to the same period in 2019. The main drivers of this growth were bulk, with 84.7% of accumulated variation, but also fractionated, with a 6.1% increase so far in 2020. In this way, Argentina climbed from 11th to 8th place in the world ranking of exporting countries. In the accumulated until October, the interannual increase had been 35.7%, but the president of the National Institute of Viticulture, Martín Hinojosa, considered that the variation was not significant; Nor would it have been if it had increased just one point. He added that the interesting thing is that six new markets were won - among them Monaco, Armenia and Cameroon - with which Argentina is exporting to 120 countries. He also highlighted that this year there was a growth of 4% in sales destined for the United States; 6% in exports to the UK; 30% in those that have Brazil as a market and 23% in those that go to Ireland. This, in a context in which most ...

Source: Losandes