Sep 01

French wine, spirits exports slow in H1 – figures

Tag: Ländersigi.hiss @ 17:03

After two exceptional years, exports of French wines and spirits slowed significantly in the first half of 2008on the corresponding period last year, figures from trade body the Fédération des Exportatueurs de Vins et Spiritueux de France (FEVS) show.

Growth in the value of global exports was limited to 3%, totalling EUR4.3bn (US$6.29bn) and there was a significant fall in volumes for most categories of products.

„As we anticipated, 2008 will be a much more difficult year in our sector for exports after two record years,“ said FEVS‘ president, Claude de Jouvencel. „The decline in the world economy and the strong euro is having a significant impact on most categories of product. Despite this, there was an increase in the value of exports, partly due to rising prices for shipments of Grands Crus Bordeaux 2005.

„But at a time when results from our traditional export markets are disappointing, we can take some comfort from emerging ones, in Asia in particular, which remain dynamic,“ he added. Spirits specifically fell 6.4% in value to EUR1.16bn and 3.5% in volume. Shipments of Cognac declined by 5% in value and by 6.1% in volume.

Driven by a general increase in prices (+25% on average), still wines rose 10.5% in value to EUR2.17bn but dipped 12.8% in volume, with Vins de Table and Vins de Pays suffering the most. Another traditionally star performer, Champagne, also felt the pinch from the economic slowdown, with exports decreasing 4.3% in volume and 1.3% in value.

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