Top 10 Countries that Imported Wine In 2020

The top 10 import countries of wine under the HS code 2204 are United States, United Kingdom, Germany, Canada, China, Japan, Netherlands, Switzerland, Russia, and Belgium.

Ranking Top 10 import countries of wine for 2020

United States: US$ 5,884 million
United Kingdom: US$ 4,397 million
Germany: US$ 2,949 million
Canada: US$ 1,974 million
China: US$ 1,827 million
Japan: US$ 1,566 million
Netherlands: US$ 1,482 million
Switzerland: US$ 1,240 million
Russia: US$ 1,093 million
Belgium: US$ 1,050 million

Source Garay Company

 

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Wine Book Review: SUSTAINABLE AND INNOVATIVE WINE TOURISM Success models from all around the world

I just finished reviewing the book for the 2021 OIV Awards “SUSTAINABLE AND INNOVATIVE WINE TOURISM Success models from all around the world”

Written by Professors – Raúl Compés López, and Gergely Szolnoki

The first part of the book introduces the Strategic Aspects of Wine Tourism namely: marketing, education and best practices for various business models, as well as the importance of landscape and culture in wine tourism development.

The authors go on to present several case studies of Wine Tourism practices in different Spanish regions. 

The final two sections are dedicated to Old World and New World wine tourism practices and innovative initiatives.

An excellent read if you are interested in global wine tourism pre and post covid.

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iDealwine, France’s Top Wine Auctioneer for 6 Consecutive Years

The CVV has confirmed, for the sixth year running, that IWA (International Wine Auction, a subsidiary of iDealwine), is the leading wine auctioneer in France (for the sixth consecutive year), now boasting a 42% market share.
iDealwine has held 41 auction sales in 2020 (one auction every 9 days) with over 175,000 bottles auctioned for a total of €23.4 million including tax – meaning over 40% of all wine sold at auction in France (up from 37% in 2019). Auctions aside, iDealwine’s fixed price sales, which include wine sourced directly from partner properties at cellar door prices, have increased by 46% to reach €10m.  In total, iDealwine generated €33 million in sales in 2020 (+15%).

Despite the tumultuous year, the fine wine auctions market has remained comparatively stable, with iDealwine itself widening the gap in terms of market leaders. In France, wine auctions generated €47 million excluding commission (2019: €47m, 2018: €46m), which represents just 4% of the entire art and collectors’ items category. The art and collectors’ items category itself recorded a significant 22.4% drop in sales. IWA (and therefore iDealwine) has risen to rank as the eighth most important auction house in France in the art and collectors’ item category. Of course, much of this movement was accelerated by the pandemic. As a purely digital player in wine auctions, iDealwine was well placed to deal with the unique situation.
Cyrille Jomand, CEO of iDealwine, said: “We are delighted by this announcement. iDealwine recently welcomed new investment from entrepreneurial fund Capital Croissance. With this, we look forward to increasing iDealwine’s footprint not only in the fine wine world, but also in spirits via our new platform Fine Spirits Auction platform, which sees whiskies, cognacs, rums, and other fine spirits go under the hammer in partnership with La Maison du Whisky. iDealwine is also focused on its new bespoke cellar consultation and management service, offered to wine lovers, collectors, and investors.”
iDealwine has been named the number one wine auctioneer in France for the sixth consecutive year by the regulatory body for auctions in the country.
@idealwine_official #wine #winelovers #wineauction #vin #vinstagram #instawine #wineauctions #vinsbourgogne #burgundywine #bordeaux #wineinvestment #spiritsauction #winecollectors #wineinvestors #spirits #finewine #champagne

Wine News: Light-to-moderate wine drinking can lower heart attack risk

A recent study published in the peer-reviewed journal BMC Medicine has found that light-to-moderate wine drinking can be beneficial to your health, including those with heart disease.

According to the study, entitled ‘Association of alcohol consumption with morbidity and mortality in patients with cardiovascular disease’, patients with heart disease who drank six grams of alcohol per day (on average) were associated with a 50 % risk reduction of heart attack, stroke, and even death.

Even those who averaged eight grams of alcohol consumption per day would see a 27% reduction in death risk compared with those who did not drink, the study found.

Vinepair states that in the United States, an average pour contains 14 grams of alcohol.

Comprising assessment of over 48,000 patients with heart disease, the research found that, while even increased alcohol consumption up to 62 grams per day was not associated with a heightened risk of heart attack, “non-drinking patients should not be encouraged to take up light drinking because of well-known adverse effects on other health outcomes, such as cancers.”

“Our findings suggest that people with CVD (cardiovascular disease) may not need to stop drinking in order to prevent additional heart attacks, strokes or angina, but that they may wish to consider lowering their weekly alcohol intake,” study co-author Chengyi Ding said, per Reuters.

She did note once again however that “Alcohol consumption is associated with an increased risk of developing other illnesses.”

Study – https://bmcmedicine.biomedcentral.com/articles/10.1186/s12916-021-02040-2

 

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Chile in the process of setting up an “Organic Wine Growers’ Association”

A group of Chilean wineries are forming an association to promote organic wine due to the post-pandemic upsurge.

News of the impending organization came during an interview with Jaime Valderrama, who is the managing director of Viña Miguel Torres Chile.

The group of six wineries will be collaborating to promote organic wine from Chile, and that the new association would also have the support of Wines of Chile, which unites much of the country’s wine industry primarily for marketing purposes.

Among the founder members of the organic association will be Viña Emiliana, Odfell, and Koyle, according to Valderrama, as well as Viña Miguel Torres Chile.

Taking inspiration from Organic Winegrowers New Zealand (OWNZ), which is a dedicated to supporting organic winegrowing, he said that the group of Chilean wineries have been speaking to the founders of the New Zealand organization for advice.

Valderrama said, “..this year is very good, especially for organic wines, and our Las Mulas range of organic wines is doing very well; natural and organic wine is facing more demand, and that’s where the growth is across the US, Europe, UK and Korea as well.”

He added, “It seems that the consumer is more conscious about organics and the environment, and that’s why we are creating an organic grower’s association in Chile: the future for us is organic and natural wines.”

Currently, 98% of grape production across the 314 hectares owned by Torres in Chile is grown organically, with certification.

Sources  Drinks Business

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