PORTUGAL: Madeira FY sales rise in value, dip in volumes - figures
Madeira wines saw sales in Portugal perform well in 2013
Sales of Madeira fortified wines in value terms hit their highest level last year since 2001, despite a slide in volumes, according to recent figures.
A report issued by Portugal’s Regional Directorate of Statistics (DRE) on the Madeira island earlier this week shows that sales in 2013 hit EUR16.8m (US$22.9m), a 2% increase on the previous year. In volume terms, however, sales slipped by 6.4% year-on-year to 3.2m litres.
Sales to European Union states, excluding Portugal, slid by 14.5% to 2m litres in the 12-month period, bringing in EUR8.25m, down by 8% from 2012. Nonetheless, domestic sales of Madeira wine bounced back by 14.6% to 567,459 litres in the past year. Domestic sales by value rose by 19% to EUR4.21m.
Outside of Europe, volumes in 2013 rose by 7.3% to 640,657 litres.
The Future of the Wine Market in Portugal to 2017
The report presents detailed data on the Wine consumption trends in Portugal, providing historic and forecast consumption volume and value at market and category level, alcoholic strength (Fortified W...read more
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