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News
US still biggest for Burgundy
Despite the growing demand from China, the US is still the number one market for Burgundy.
“America is still our biggest market,” said Louis-Fabrice Latour, chairman of the Fédération des Négociants-Eleveurs de Bourgogne (FNEB), after a press conference given by the BIVB before the 151st Hospices de Beaune auction.
In his address to an international group of journalists, many of them from various parts of Asia, Latour explained that the Bourgognes Amplitude 2015 plan – which has been in effect for a year – is designed to consolidate Burgundy wines as a “global reference for great wine produced from sustainable wine growing.ˇ
One of the plan’s many goals is to further penetrate the Asian market. Japan, according to Latour, had been one of the most mature and loyal countries in the past, yet now China and Hong Kong are constantly increasing their imports of Burgundy wine.
Singapore and Taiwan are also expanding due to their role as an export platform for Asia.
“Revenues generated by Burgundy for these new Asian markets have doubled in one year,ˇ Latour said.
“Yet despite our increased focus on Asia, America offers a growing market of younger, sophisticated consumers very interested in our wines.ˇ
Marisa D’Vari, reporting from New York City
You should have your own reporter at these events rather than repeating a version from another country
Britain remains significantly the biggest market for Burgundy by volume: 22,240,000 bottles compared to USA 13,795,000according to the statistics disseminated at the press conference.
However the USA has overtaken the UK during this last year by value: €126,646,000 to €113,399,000
We are aware it’s by value, sorry we didn’t make that clear. There will be a much more in-depth report on sources of the growing demand for Burgundy this Thursday.
thanks, Rupert