Drought and Germany slow down Spanish cava; sales fell by 12%

Published 2024년 12월 11일

Tridge summary

A severe drought over the past three years has significantly impacted cava production, leading to a 12.28% decrease in global shipments during the first three quarters of 2024 compared to the previous year. This is due to a decrease in grape production, with the largest decline seen in the German market. Despite these challenges, the domestic market experienced only a 3.67% decrease. To mitigate the reduction in harvests, Freixenet has introduced Premium Sparkling Wines outside the DO Cava for the DACH markets. The president of the Cava DO, Javier Pagés, emphasized the increasing quality sparkling wine acceptance worldwide, noting positive price and margin trends. By 2025, all Guarda Superior cavas will be 100% organic.

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

Original content

The severe and persistent drought, which has particularly affected areas such as the Penedès over the last three years, has significantly slowed the growth of cava during the first nine months of the year. Global shipments during the first three quarters of 2024 have fallen by 12.28% compared to the same period of the previous year due to the lack of available product as a result of the significant drops in grape production. In 2021, 304 million kilos of grapes were harvested, in 2022, 276 million, in 2023, 213.8 million and this year, 219.5. Shipments have exceeded 149 million bottles as of September 30, of which 68% have been exported. In the same period of 2023, sales exceeded 170 million. Year-on-year, the figure is 8.73% lower. In the domestic market, the decrease was only 3.67%, while in international markets the decline was 15.81%. In the year-on-year period up to September, the drop in shipments was also significantly lower: 2.69% in the domestic market and 11.59% in ...

Source: La Vanguardia