Worth of shipments in 2023 have been additionally down 14.5% from the earlier 12 months at round 800 million euros. Nevertheless, in comparison with 2019 figures, volumes to the US have been up 4.8%.
Whole international exports have been down 8.3% in 2023 in comparison with 2022, with 171.7m bottles shipped, however larger than the 2019 volumes of 156m bottles.
David Chatillon, president of the Union des Maisons de Champagne and co-president of the Comité Champagne, stated he “anticipated to see corrections within the numbers after US distributors overstocked in 2021 and 2022 following the Covid-19 disaster.
Chatillon added: “Champagne is optimistic for the longer term at the same time as we stay delicate to the state of the worldwide financial system. Wine professionals around the globe have a deep emotional connection to Champagne, and customers proceed to contemplate it the undisputed benchmark for high quality glowing wine.”
