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.
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