ARGENTINA: 2008 wine exports to US rise - figures
Exports of Argentinian wine to the US reported a strong double-digit rise, according to recent data.
Argentina's Department of Customs said late last week that exports of wine from the country to the US last year were up by 43.2% in value and by 34.1% in the corresponding period a year earlier.
Imports of the country's signature grape varietal, Malbec, were up an even stronger 60.9% in value and 60.4% in volume in the same time period, the department noted.
California-based importer Vine Connections, which represents 12 Argentinian wineries, said that the performance was driven by higher-priced wines. "For the last ten years, we've watched the demand for Argentine wines grow year after year," said Ed Lehrman, Vine Connections' co-founder.
"Consumers aren't simply buying wines under $10. Our portfolio remains stronger than ever and it consists of wines priced mainly $15 and higher. It's these high quality, authentic wines that have led to Argentina's success."
- Five ways small brands can beat big players
- Interview, Bulldog Gin CEO Anshuman Vohra, Pt II
- Will Coca-Cola Co’s Dunkin’ Donuts move pay off?
- Heineken's Q3 2016 results - Preview
- Analysts upbeat on Pernod Ricard's US success
- Diageo weathers Thailand alcohol ban
- Stock Spirits appointments provoke investor unrest
- SWA's David Frost to leave for foreign office role
- Bacardi rolls out new Oakheart rum packs to US
- Seedlip eyes global growth with export deal
- Global gin insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Wine Market 2016-2020
- Global RTD insights - market forecasts, product innovation and consumer trends