FRANCE: EUR20+ wines lead French wine exports - study
Higher-end wines are driving French wine exports, according to a recently-released study in the country.
Wines – excluding Champagne – that are priced at EUR20 (US$27) and above per litre accounted for more than half of the growth in the value of French wine exports between 2009 and 2012, a report published this week by French Customs has said.
The situation can can be explained by both an increase in volumes exported and a rise in the average price, the report added.
High-end wines' share of global French wine export revenues remains modest, but is increasing to the detriment of value wines priced at less than EUR2 per litre.
In February, the Fédération des Exportateurs de Vins et Spiritueux de France said that wine and spirits exports from France in 2012 were up by 10% on the prior year, marking a record high.
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