UK Champagne market back to normal

Published Apr 26, 2024

Tridge summary

The UK market for Champagne is returning to normal after Covid-related fluctuations, with shipments falling by 8-9% to 25.2 million bottles in 2023. James Simpson MW, chairman of the UK’s Champagne Agents Association, views this as a return to normal trading after unusual trends this decade. He anticipates prices to stabilize, making Champagne more accessible. The bigger challenge lies in the French market, which needs to consume more Champagne to support the industry. Overall, Champagne sales are expected to stabilize at 25-27 million bottles over the next few years, with the industry being resilient and optimistic for the future.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a period of Covid-related extremes, the UK market for Champagne is back to normal, and that may be no bad thing, believes one key commentator. In a call for calm, while stressing the need to look to long-term trends, the chairman of the UK’s Champagne Agents Association – and MD of Pol Roger Portfolio – James Simpson MW told db last week that the trade should not be unduly surprised, nor concerned, by a slowdown in Champagne sales, which started in the second half of 2023. Joking that he is “old enough to remember when times were normal”, Simpson suggested that this decade’s trading trends have been anomalous, and should not be used to draw too many conclusions on the longer-term nature of Champagne consumption, or indeed, fine wine more generally. Looking back to post 2020 sales patterns, when a sudden decline in Champagne sales followed the first wave of Covid-related lockdowns, followed by a bounce back, and then a boom in 2022, he said that a resulting shortage of ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.