Chile: Biobío wine exports grow 28% in the first eight months of 2024

Published Sep 27, 2024

Tridge summary

The Biobío region in Chile has seen a 28% increase in wine exports, totaling US$ 1.6 million, between January and August of this year compared to the same period last year. The main export markets were Colombia and the USA, accounting for 51% and 12% of the shipments, respectively. The old vines of the Biobío Valley wines, which are widely received in international markets, are a key factor in this growth despite the global wine market's contraction due to pandemic-induced excess inventory. Red wines, especially those bottled and from niche vineyards, contribute to the region's export revenue. ProChile, the region's market intelligence department, has been actively promoting these wines through various international events and activities, with more promotions planned for the rest of the year.

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

Original content

The Biobío region exported US$ 1.6 million in wine during the months of January to August of this year, which represents a growth of 28% compared to the same period last year, according to figures from the Market Intelligence Department of ProChile. The main destinations for regional shipments correspond to Colombia (51%) and the USA (12%). Other important markets are Brazil, Canada, Sweden, Japan, the United Kingdom, Ireland, Spain, Germany and Panama. The regional director of ProChile in Biobío, Cristóbal Herrera, highlights the importance of this growth, especially considering the contraction that the world wine market experienced in the last two years due to the excess inventory generated during the pandemic. “The wines of the Biobío Valley correspond to small vineyards, but they stand out for their old vines from the first vineyards that the Spanish conquerors brought to America and that have lasted for centuries on the banks of the Biobío River. These are low-intervention ...

Source: Portaldelcampo