Russia, China and Mexico wine exports fell 3.6% in 2020, due to the covid, Brexit and tariffs

Published 2021년 2월 24일

Tridge summary

Spanish wine exports experienced a decline in both value and volume in 2020, with a 3.6% drop to 2,616.1 million euros and a 6% decrease to 2,012 million liters, as reported by the Spanish Wine Market Observatory (OeMv). The decline was attributed to the impact of the coronavirus pandemic, Brexit, and tariffs imposed by the US. The market saw a significant shift, with bulk wines experiencing a 3.2% value drop and a 10% volume decrease, while bag-in-box wines showed the best growth, increasing by 23% in value and 41% in volume. Despite losing more than half of its sales to Russia and nearly a third to China, the sector saw increased sales in the UK, Netherlands, Norway, and Ireland. The negative effects of the coronavirus and other global trade disruptions were mitigated by a strong year-end performance.

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

Original content

Spanish wine exports fell by 3.6% in value in 2020, reaching 2,616.1 million euros, while in volume they fell by 6%, to 2,012 million liters, impacted by the effect of the coronavirus, Brexit or the tariffs imposed by the United States Administration, according to data provided by the Spanish Wine Market Observatory (OeMv). Specifically, in 2020 Spain stopped exporting a total of 126.8 million liters and invoice 96.7 million euros, compared to the data recorded in 2019.In this way, packaged wines, which include liqueurs, sparkling wine, sparkling, still and bag-in-box and which account for 82.6% of total turnover, registered a fall of 3.6%, with sparkling wines being the most affected, since their sales plummeted in April and May, recovering in volume from June to October to fall again at Christmas with falls of up to 17% in December, while bulk also fell in value r 3.2% and 10% in volume By type of wine, those of 'bag-in-box' grew both in volume and value in 2020, which rose 23% ...

Source: Clm24