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FRANCE: Exports of Côtes de Rhône slacken after buoyant 2007

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Global exports of Côte de Rhône wines rose 6.4% in volume (95m bottles) and 10% in value (EUR292.8m) last year on 2006, figures issued by Inter-Rhône show.

Growth was largely driven by the UK market where Côte de Rhônes were the leading AOCs in supermarket outlets. The US market turned in a buoyant performance too. Exports to the UK were up 8% in volume and generated a turnover of just over EUR73m (+7%). Export volumes to the US increased 10% and rose 13% in value to EUR 59.74m.

However, an Inter-Rhône spokesman has told just-drinks that, despite a strong 2007 globally, a slowdown in exports to the UK has been noticeable since November last year.

"This is probably due to the weaker pound in relation to the euro while volumes to the US market have also been adversely affected by the euro-dollar exchange rate and also the poorer economic situation. Everything points to a more difficult export market to both the UK and the US in 2008 but the solid growth we posted in euro zone countries in 2007 has continued into this year," he added.


Sectors: Wine

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