COGNAC EXPORTS HIGH TIME HIGH

Cognac exports in 2017-18 are valued at €3.2 billion, an increase of 8.2% in volume (250.9 million bottles) and 5.4% in value compared to 2016-17.

This is the fourth consecutive year of export growth, according to the Bureau National Interprofessionnel du Cognac(BNIC), the cognac trade body.
The American zone, with ALENA, was the largest export area, taking 89.8 million bottles, a increase of 9.4% in volume and 0.2% in value. The US was the largest ALENA export zone, with a ninth consecutive year of export growth.

The Far East, with 60.9 million bottles, was in second place with a growth of +13.5% in volume and +12.4% in value. Singapore (26.6 million bottles) and China (26.2 million) were the main export countries.

In Europe, exports were stable at 41.3 million bottles, down by 2% in volume but up 3% in value.
Source: Vinexpo Newsroom

COGNAC DOUBLE DIGITS GROWTH

 

Cognac Sales Image Logo Icon

In 2016-17, and for the third year in a row, cognac export figures showed increases , of 10.2% in volume and 15.2% in value. In total, 190.2 million bottles were exported this year, for a total revenue of 3.0 billion euros.

The NAFTA region was the leading market, with an increase of 9.3% in volume and 13.5% in value, helped by the US market, with an historic 78.7 million bottles shipped during the period.

Source: www.BNIC.com

FRENCH WINE AND SPIRITS EXPORTS HAVE DECLINED FOR TWO REASONS

ZoneBourse offers a really good article which explains that the sales decline in 2013 and mostly 2014 is due to two reasons for the most part: Chinese government anti-corruption measures which were implemented in late 2012 in China and production limitations and variations due to unfavorable weather conditions; 'one can only produces one nature will permit'.

Cognac Vineyards

On the other hand, with a lower euro it is possible to see some unplanned growths surge in 2015.

In 2014, exports in China, fifth largest export market for French products has decreased by 17.4% overall, with a noticeable -30% sales for cognac and 6.8% for the wines.

Source: ZoneBourse