French wine exports on the rise

French wine continues to see its exports increase, a trend that’s reflected in iDealwine sales.

According to the Federation of wine and spirits exporters, exports made a turnover of 4.5 billion euros in the first semester of 2019, a 6% increase. In volume, growth is quite stable, with 68.8 billion cases of wine (+0.5% on the same period in 2018).

USA, the promised land

One of the key markets for French exports remains the USA: growth (in value) reached 16.5% (1.8 billion euros) and 5.2% in volume. This high-potential area for rare and collectable wines is an extremely dynamic market for iDealwine. Just in 2018, we saw 109% sales growth on the platform.

Growth in Asia slows down

Exports of French wines to Asian countries continue their upward trajectory, owing it principally to Japan (+13%) and South Korea (+11%). Exports to Hong Kong, China and Singapore, however, dropped by 0.6%. For iDealwine, on the other hand, while Hong Kong is certainly a mature market, it still delivers promising results.

Europe in good shape

European markets continue to grow, with an increase of 7%, for a value of 2.2 billion euros. Exports to the United Kingdom saw a sharp upturn (+12%), undoubtedly given the context of Brexit, with buyers anticipating the possible effects of leaving the European Union. Switzerland, Germany, Italy and Denmark are priority areas for development.

 

You’ll find all of our wines currently for sale here. If you would like to part with some of your wines, why not ask for a free price estimate?

 

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