French wine exports fell by 3% in 2023 and spirits exports by 12.1%

Published 2024년 2월 17일

Tridge summary

In 2023, French wine exports experienced a 3% decrease, amounting to 11,268 million euros, due to a decline in consumption amid high inflation. Despite this, it was the second-best year for the sector. There was a significant drop in Champagne sales and wines with designation of origin. The largest market, the United States, saw a 22.1% decrease in the value of French wine and liquor sales, while sales to the UK remained stable and those to China fell by 6.3%. However, exports to Spain saw a 12.4% increase, the largest among the top 20 markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

French wine exports fell by 3% last year, to 11,268 million euros, as a result of the drop in consumption in a context of strong inflation, which produced an even greater drop in spirits, from 12.1% to 4,792 million euros. The Federation of French Wine and Spirits Exporters (FEVS) highlighted when presenting the data this Tuesday in a statement that, despite the cut in sales abroad, 2023 was the second best year for the sector, after the record fiscal year of 2022, and that despite "persistent international tensions and very significant inflation." In any case, wine exports decreased much more in volume than in value. Champagne sales fell 11.2% to 13,698,000 cases, although in euros the decrease was limited to 0.6% at 4,190 million. Those of wines with designation of origin decreased by 10.9% in volume and 4.6% in value, to 5,352 million euros. By number of bottles, all the major appellations of origin suffered significant declines: Bordeaux 11.8%, Burgundy 6.9%, Beaujolais 15.9%, ...
Source: Agrodiario

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