Shipments of Cognac rose strongly in the first three months of this year, according to figures released this week.
Trade body the Bureau National Interprofessionnel Cognac (BNIC) said this week that Cognac volumes were up by 25.6% on the corresponding quarter last year to 85,550 hectolitres, the equivalent of 30.5m bottles. In vale terms, shipments totalled just over EUR354.7m (US$469.6m), an increase of 28.7%.
A spokesman for the BNIC told just-drinks that, while the double-digit increases reflected strong signs of market recovery, the first quarter of 2009 had been a very weak period for the trade.
Exports to Cognac’s main market, the US, rose by 15.6% to 30,227 hectolitres while shipments to China soared by 65% to 8,533 hectolitres. China is now the second biggest market for Cognac, when shipments which transit via Singapore are taken into account.
Stay informed for just £1! *
Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands worldwide.
What’s included in your subscription:
Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot beverages
Unrivalled drinks industry comment from leading sector specialists
Ready to stay informed? Subscribe now and gain access to exclusive content.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
For further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.
*After your 1-month trial, your subscription will continue at £315 per year.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.