The French wine and spirits export body (FEVS), has released export figures for the nation’s wine in 2018. The figures show that shipments of French wine rose to almost 9 billion Euros in 2018. However, they also show a noticeable decline in exports to China.
French wine exports in 2018
French wine exports increased by 2.6% to €8.9bn in 2018. Exports, on the other hand, fell by 4.6% when compared with 2017 in volume terms. This is partly due to the smaller harvest from 2017 in several regions of France due to extreme weather conditions.
The report also shows a decline in French wine exports to China of 25% last year. The value of exports to China is at €555.3 million, which is a decline of 16.4%. FEVS says this is down to the wider global economic conditions and maintains its confidence in China’s long-term potential as a key market for French wine.
Brexit dominates wine export discussions
As the UK moves closer to the date set for its exit from the European Union, it’s unsurprising that this is dominating the conversation within the French wine industry. FEVS director Antoine Leccia is reported to have told the Associated Press that wine producers are in a “total fog” due to the ongoing uncertainty surrounding the terms of the UK’s deal with the EU.
There are also some reports of stockpiling in the UK, with EU producers keen to provide extra stock to the UK, and British merchants ordering more supplies as a precaution against disruption.
The FEVs figures show that French wine exports to the UK decreased by 7% in 2018 by volume. However, in purely value terms, exports rise in 2018 by 0.6% to €1.1bn. The UK remains the second biggest destination for wines from France in the world. The number one market is the US, where sales increased by 6.4% to €1.66bn.