Sparkling - Hoja 1 Flashcards
Hong Kong
Hong Kong rise 8% in 2023, reaching over 2 million bottles.
positive market rebound for regulatory changes and increased demand.
France Product Champagne
Domestic consumption has declined, now only 42.5% with significant drops in the past two years.
Japan Champagne
Economic Factors: Higher interest rates have increased the cost of holding stock, affecting stock replenishment and market behavior in Japan.
Global Champagne
Champagne Nicolas Feuillatte aims to increase its export ratio from 43% to 50% within two years, anticipating growth in the US, Japan, Germany, Italy, and the travel retail sector.
UAE Champagne
2.9 million bottles annually, valued at €80 million.
Ranked top 10 globally by value.
Recent regulatory relaxations in Dubai are expected to boost consumption further.
UK Champagne
Shipments dropped by 8-9% in 2023.
James Simpson MW.
Return to Traditional Trading: Post-Christmas discounting on Champagne becoming common again in the UK, despite a decrease in high-end sales offset by demand from London’s West End.
Simpson highlights the need for stable pricing.
Resilience and Quality: Despite market fluctuations, strong brand quality contributes to resilience in the industry. Simpson emphasizes the importance of competitive pricing to promote sales.
UK Sparkling
Sparkling wine is the only wine type to record volume growth from 2016 to 2021 (2,4%).,
driven by Prosecco = 70% of volume.
Prosecco DOC Consorzio, December 2023 Campaign: Spent over £250,000 on UK campaign to distinguish Prosecco from common effervescent wines.Champagne
volume has fallen significantly in sub-£30 price bands.
Waitrose: Sales of crémant have overtaken Cava, with a 51% increase over the past three months compared to last year.
US Champagne
2024 might see an improvement as the US market is currently out of stock.
Price Increases: Concerns over the price of Champagne, which rose by 10-12% in 2023, are part of the reason for the current sales slowdown and are expected to increase again.
Tariff Threats and Market Stock: Potential tariffs of 10-50% by former President Trump could adversely affect the market.
Champagne trends
Identified trends for rosé Champagne and extra brut.
Global Sparkling
It is forecasted that the sparkling wine segment will dominate the Wine market globally with growth at 8.5% by the year 2032.
In the US and Canada, for example, sparkling wine is much more likely to be seen as suitable for informal consumption at home than it was pre-2020. IWSR
