France’s Wine Exports Strongly Rebound After Last Year’s Drop
IndexBox has just published a new report: ‘France – Wine – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.
Wine exports from France are returning to pre-pandemic levels this year. Throughout January-September 2021, France’s supplies abroad reached $9.56B, increasing by +43% compared to the same period of 2020. Last year, the Covid-crisis hit the French wine trade, reducing exports by -9% y-o-y (based on USD values). Germany, the UK and the U.S. remain the major foreign buyers, accounting for 42% of total wine exports from France. The average wine export price dropped by -5.5% y-o-y to $7,026 per tonne in 2020.
France’s Wine Exports by Country
From January to September 2021, France’s wine exports totaled $9.56B, exceeding by +43% the value of the same period in 2020. Last year, wine exports contracted to $10B (IndexBox estimates), dropping by -9% y-o-y. In physical terms, wine exports from France fell slightly to 1.4M tonnes, declining by -3.8% on the previous year’s figure.
Germany (232K tonnes), the UK (204K tonnes) and the U.S. (161K tonnes) were the main destinations of wine exports from France, with a combined 42% share of total exports. Belgium, the Netherlands, China, Canada, Japan, Sweden, Switzerland and Poland lagged somewhat behind, accounting for a further 40%. Switzerland (+63.7% y-o-y) recorded the highest increase in purchases as compared to other countries.
In value terms, the largest markets for wine exported from France were the U.S. ($1.6B), the UK ($1.3B) and Germany ($832M), with a combined 38% share of total exports. These countries were followed by Belgium, Japan, China, Switzerland, Canada, the Netherlands, Sweden and Poland, which accounted for a further 33%.
In 2020, the average wine export price amounted to $7,026 per tonne, dropping by -5.5% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($10,788 per tonne), while the average price for exports to Poland ($3,149 per tonne) was amongst the lowest. Last year, the most notable growth rate in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform
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