Wine sector grows in Bolivia, but does not reach the level of 2019

Published 2022년 12월 20일

Tridge summary

The Bolivian wine industry is showing signs of recovery from a significant decline due to the COVID-19 pandemic, with sales slowly returning to pre-pandemic levels. The industry, which moves over $140 million annually and provides more than 5,000 jobs, is looking to expand its contribution to the country's economic development. However, the sector faces challenges, including smuggling, with estimates suggesting that six out of 10 bottles consumed in the Bolivian market are illegal. Annual losses due to smuggling are estimated to be around 350 million bolivianos. The industry is responding by emphasizing the quality of national wines and singanis, and investing in technology and people to compete against contraband products.

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

Original content

The wine sector registered growth in 2022; However, it still does not reach the sales levels it had in 2019, revealed the general manager of D&M-SAIV and president of the National Association of Wine Industries (ANIV), Luis Pablo Granier. The last three years have been tumultuous for everyone, the covid, the quarantine, the closure of restaurants and hotels, which are very important channels for our industry, meant a very strong drop in sales, almost 30%. Now we are still in a very slow recovery, we have not reached 2019 levels, but we do see a revival, said the businessman. Granier explained that the singani and wine industry moves more than 140 million dollars a year and generates more than 5,000 sources of direct and indirect jobs, but that it is sought that these figures can be expanded in the future, since they represent an important opportunity for the economic development of the country in general and in particular, of the department of Tarija. It has been estimated that a ...

Source: Paginasiete