Recent research shows that in 2024, whilst wine consumption volumes declined by 3% to 2.3 billion 9-litre cases in 2024, the total value increased by 1% to US$191 billion, with both volume and value forecast to reduce slightly by 1% per year through to 2029. These...
The European Union (EU) exported $52billion (AUD) worth of alcoholic drinks to non-EU countries, with wine constituting the lion's share, constituting a 56.2% share of this total, followed by spirits/liqueurs with 29.7% and beer at 11.5%. France was the biggest exporter, responsible for a massive 40.6%...
A French scheme, which aims to facilitate the export of wines and spirits to the United States, has been approved by the EU for funding up to $5.6 billion. This scheme utilises a re-insurance mechanism, which provides short-term guarantees to companies that provide insurance against commercial...
The year 2024 saw global wine consumption hit its lowest consumption level in 60 years, since 1961. This decline can be attributed to numerous economic and geopolitical factors, such as inflation and global uncertainty, as well as an evolving market shaped by changing lifestyle preferences,...
With 80% of New Zealand's wine grown and produced in Marlborough, the new Riverlands facility 'Honomai' is ideally positioned to become an invaluable resource for the region's exporters, importers and logistics operators. Consisting of a 5,000 square metre warehouse and storage space for 350 empty and...
New Zealand (NZ) wines have once again recorded growth in the United States in 2024, marking their 16th consecutive year of expansion in this export market. Among the top ten countries supplying wine to the U.S., New Zealand was the only nation to post a...
California, which produces around 80% of wine in the US, is bracing for an unusually small 2024 vintage, with a total red and white grape crush of 2.88 million tonnes, reflecting a 21.7% decrease from 2023. This represents the smallest crush in California in two decades,...
The Australian wine industry will inevitably feel some impact from Trump's 10% tariff however, they are more favourably positioned when compared to other wine markets such as those within the European Union who have been hit with a 20% tariff or South Africa who has...
There is no doubt that major shifts are underway with regards to wine consumption across the globe. In five years, the amount of Gen Zs of legal drinking age will double in size but will be drinking less than former generations. Compounding this is the fact...
Following the UK Alcohol Duty Review, as of 1 August 2023, all wine sold in the United Kingdom started being taxed on the level of alcohol in the product, rather than by volume. This has had a direct consequence on the level of alcohol in the...