Cognac export figures boom

23 August, 2017

Cognac exports have increased for the third year running, with overall growth of +10.2% in volume and +15.2% in value.

In total, nearly 190.2m bottles were exported this year taking total revenue to €3bn. The US is leading this growth with 78.7m bottles imported over the course of the 2016/17 campaign, while China imported nearly 22.6m bottles.

Shipments to Europe are now in growth again with an increase of +10.1% in volume and +8.1% in value. Total export figures for Europe came to more than 42.1m bottles this year.

As a result, more shipments are confirmed for next year to potential growth areas – Africa (South Africa) and the Caribbean - in order to achieve exports of around 14.6% volume and 21.6% value.

The VS quality category has continued its success in its main markets. Driven by the dynamic US market, VS shipments - accounting for half of cognac's exports - continue to increase in volume + 9.6% and in value + 15%.

Shipments of VSOP accounted for slightly more than 40% of volume, with a +7.4% increase in volume and + 9% in value.

The older quality categories also recorded significant growth with +24.2% in volume and +23.2% in value, which was directly linked to the net recovery of shipments to the Far East.

Keywords: cognac




Comment

David Williams

Modern wine packaging’s in the bag

Most studies suggest they're considerably better for the environment. They’re more convenient, too, if you want to keep your wine fresh for more than a couple of days.

Click for more »

Events

Facebook

Twitter