Portuguese Wine Exports Up 7.5% In 2017
Portuguese wine exports were worth €777.9 million last year, growing by 7.5% in both quantity and value, and setting a new record after the 1.6% decline registered in 2016, according to Instituto da Vinha e do Vinho.
The biggest contribution to this growth came from the Portuguese-speaking markets of Angola, which saw imports rise by 40% to €45.8 million, and Brazil, which was up 53% to €44.2 million.
These markets are now the 7th and 8th largest importers of Portuguese wine, surpassing Canada (€44.1mn) and Switzerland (€29.2mn).
The data confirms that France still the best foreign customer, with sales of €109.2 million last year (-0.5%).
Despite Brexit, the UK is still second and growing with €79.1 million (+7.1%), followed by the US with €78.9 million (+5.6%), Germany with €47 million (+8.1%), The Netherlands with €46.6 million (-6.0%), and Belgium with €46.3 million (+2.2%).
The average price per litre remained unchanged at €2.61, despite the fact that prices dropped in the top five foreign markets. The biggest price drops were in Angola (-11.5% to €1.72) and Germany (-7.9% to €1.79), while Danes pay the highest price for Portuguese wine, at €5.35 per litre (+12%).
Port wine is again the wine export leader, accounting for 40.1% of the total, although dropping by almost three percentage points on 2016.
Portugal moved ahead of France for sales of Port wine, with domestic sales rising 6.1% to €73.7 million, mainly due to tourism.
Produced in the same region as Port, Douro wines recorded a new sales record of €157.3 million (+10.7%), of which €96.2 million was sold in Portugal.
Additionally, wine imports jumped 21.6% in 2017 to €133.8 million, compared to a drop of 5.8% in 2016.
© 2018 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