France: Champagne sales have fallen to pre-crisis levels

Published Jan 18, 2024

Tridge summary

In 2023, Champagne sales dropped by 8.2% to 299 million bottles compared to the previous year, which saw 325 million bottles sold. The decline in sales may be due to dealers purchasing larger volumes in 2022 for fear of supply difficulties. Exports have become more important, increasing from 45 to 57 percent of total sales within ten years, with 172 million bottles going abroad last year. The trade volume in 2023 remained over six billion euros, similar to the previous year, partially due to the sale of higher quality champagne, especially in exports.

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

Original content

Sales dropped by 8.2%. to 299 million bottles in 2023 compared to the previous year, the Comité Champagne producers' association announced on Monday. In 2022, 325 million bottles were sold, in 2019, before Corona, sales were 297.3 million bottles. The decline in 2023 can be partly explained by the fact that dealers purchased larger volumes than usual in 2022 for fear of supply difficulties, the association explained. Increased importance of exports Exports became more important and their share in sales increased from 45 to 57 percent within ten years. Last year, 172 million bottles went abroad and 127 million bottles were sold in the country. The association said that inflation, especially there, is causing business problems. However, the trade volume in 2023 remained at over six billion euros, similar to the previous year, due to the sale of higher quality champagne, ...

Source: Farmer.pl