French wine and spirits exports hit a new high last year

French wine and spirits exports hit a new high last year

Wine and spirits exports from France hit a new high last year in value terms, according to figures released this week.

Exports in 2012 were up by 10% on the prior year, the Fédération des Exportateurs de Vins et Spiritueux de France (FEVS) said yesterday (14 February), coming in at a record EUR11bn (US$14.73bn). The three principal contributors to the performance were Cognac, Bordeaux and Champagne, FEVS said.

Wine sales by value rose by 8.5% on 2011 to almost EUR7.6bn, as volumes increased by 3.4% to nearly 153m 12-bottle cases. Spirits sales, meanwhile, were up by 13.5% to just over EUR3.5bn, but volumes were down 3.7%.

The US was the premier export market for French wines and spirits in value terms (up by 13.1% on 2011), followed by the UK (up by 9%) and China (up by 17%).