Little known, in 2021, Russia ran an alcoholic beverage trade deficit of US$2.5 billion - mostly with unfriendly countries. Half is due to wine; but there is even a trade deficit for spirits ($976m) and beer ($254m). Main import origins: wine imported from Italy, spirits from the UK, beer from Germany. #RussiaUkraineWar #russia #winetrade #beertrade #spiritstrade
#spiritstrade #beertrade #winetrade #Russia #RussiaUkraineWar
Amazing and little known. U.S. Yellow Tail wine sales amount to 52% of all U.S. wine imports from #Australia (by volume; 2021 data). That is, one single brand accounts for more than half of U.S. wine imports from Australia. #yellowtail #winetrade #winemarket
#winemarket #winetrade #yellowtail #Australia
All-time high for U.S. wine imports in a first quarter. After a somewhat volatile but strong 2022, the first quarter of 2023 exhibits further growth. With $1.649 billion, it sets an all-time record for U.S. wine imports in a first quarter. #winetrade #wineimports
🍷 New Publication with
Natalia Velikova
—we study the impact of nutrition labeling on wine. The EU will start mandating these labels in December, although they are not mandatory in the US yet. Most consumers need to be prompted to read wine nutrition labels. Consumers are more surprised by the sugar content than calories. #wine #winemarketing #winetrade #nutrition #nutritionfacts #health #healthandwellbeing https://www.emerald.com/insight/content/doi/10.1108/JCM-09-2020-4101/full/html
#healthandwellbeing #Health #nutritionfacts #nutrition #winetrade #winemarketing #Wine
Amazing. Ukraine's wine imports are growing again and have almost reached pre-war levels. #ukraine #winetrade #wine
Dramatic decline in China's Wine Imports. Since its 2018 peak, China's overall wine import value fell from $2.86b to $1.43b (-50%). Imports from Australia fell by 99%, imports from France by 38%. - During the same time, Hong-Kong's wine imports fell too - from $1.5b to $1b (-34%). #china #wine #winetrade
Little known. Since 2016, the U.S. has imported more wine from New Zealand than from Australia (by value) --and the gap has been growing to almost twice as much (91% more from NZL than from AUS in 2022). #winetrade #wineecon
Little known. Among large wine exporting countries, U.S. wine exports exhibit the largest bulk wine share. 63% of U.S. wine exports are bulk - ahead of Spain & Australia with 51% each. - Germany's bulk share is just 2.5%; even more amazing, Georgia does not export any bulk wine! #bulkwine #wine #winetrade
Portugal’s Wine Exports by Destination, 2022.
#portugal #winesofportugal #port #winetrade
#winetrade #port #winesofportugal #portugal
The busy port of Marseille in approx. 1900 #winetrade #Marseille #winehistory
#winehistory #marseille #winetrade
The busy port of Marseille in approx. 1900 #winetrade #Marseille #winehistory
#winehistory #marseille #winetrade
Volume of Sparkling Wine Exports from Italy, France, and Spain, 1994-2021 #sparklingwine #champagne #winetrade
#winetrade #champagne #sparklingwine
New data, released today. -- In 2022, the U.S. wine imported wine worth $7.321 billion, i.e., $261m or 3.7% more than in 2021. France alone accounts for more than half of this growth (+$131m). Large absolute gains also for Italy and New Zealand.
#winetrade #wine #wineeconomics #wineimports
#wineimports #wineeconomics #Wine #winetrade
Surprising? Italy's wine exports to Russia are booming. After a deep drop in Mar and Apr 2022, wine exports to #Russia have surged. The 6-month moving avg has never been higher than in Oct 2022. #winetrade #Italy
World's Main Bulk Wine Exporters by Volume, 2021, With 1.3 billion liters Spain is a distant #1. It exports more bulk than the next three (Italy, Chile, Australia) combined. However, Spain's avg bulk wine export price in 2021 was less than $0.44 per liter. #bulkwine #winetrade @
In 2019 (before BREXIT), the UK was the world’s 10th largest wine exporter (#12 in 2021). It mostly exports bottled bulk to the EU and high-end to Hong Kong and the U.S.. UK’s Post #BREXIT (2021) wine exports to the European Union have declined by $191m or 51% (compared to 2019). Particularly sharp drops in Germany ($56m) and the Netherlands ($51m). Exports to Non-EU countries have stayed flat overall. #winetrade