DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Drinks

Non-EU Markets Boost Portuguese Wine Exports In First Quarter

By Branislav Pekic
Share this article
Non-EU Markets Boost Portuguese Wine Exports In First Quarter

Portuguese wine exports grew 4.4% in volume and 2.1% in value in the first quarter of 2020, to over €185 million, new data has shown.

According to sector association ViniPortugal, the positive result does not fully take into account impact of the COVID-19 pandemic on the sector.

The International Organisation of Vine and Wine (OIV) estimates that wine sales in Europe will fall by 50% in value, impacted by a sharp drop in sales in the HoReCa channel.

Mixed Markets

ViniPortugal points out that Portuguese wine sales to the EU dropped by 14.4% in value to around €86 million, while exports to third countries increased 22.8% to around €99 million.

The biggest year-on-year increases in Portuguese wine exports were to South Korea (44.2%), Mexico (34.7%), USA (18.8%), Japan (15.4%) and Canada (12.0%). In the EU, Sweden stood out (+26%), but most other markets registered a negative performance.

ADVERTISEMENT

Globally, the biggest drop in exports was to Denmark (-23.4%), China (-29.7%), Macau (-52.1%) and Russia (-36.6%).

South Korea is market with the highest average price for Portuguese wine (€6.21/litre), followed by Hong Kong (€5.82), Denmark (€4.59) and Macau (€2.92).

Sales of Portuguese sparkling wines in the EU did not fall as dramatically (-5.1%), achieving significant growth (57.2%) in third countries, particularly Angola (+473.0%), Norway (+110.0%) and Switzerland (+84.8%).

Portugal is the ninth biggest wine exporter in the world.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.