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Apr 15

FRANCE: Champagne exports tumble in 09

Tag: Regionensigi.hiss @ 16:54

Stuart Todd – Worldwide Champagne sales fell 34% in volume terms in the first two months of 2009, with EU markets hardest hit, according to regional trade body CIVC (Comité Interprofessionnel du Vin de Champagne).

Sales to EU countries, excluding France, fell by more than 47%, largely due to a slump in the UK, which accounts for around 25% of global exports. French sales fell 23%, compared to the same period in 2008, the CIVC said.

Consumption in the UK has been badly affected by a 30% devaluation in sterling against the euro and the overall financial crisis. Outside of the EU, sales tumbled 42%, with the worst falls in the US and Switzerland. The Japanese market also showed signs of weakness.

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