Wine Trade Archives

Bordeaux Index Launches Ultimate ‘Advent Calendar’ 12 Casks of Christmas

Since December 1, 2022 Bordeaux Index has been revealing a new cask for sale each day, which is available to purchase through a sign-up link on a first-come, first-serve basis.

The casks are selected from Bordeaux Index’s own current collection, with each day’s offering revealed by email for those who sign up.

If you’re interested in expanding your cask portfolio, this is a perfect and novel opportunity to do so as part of the ultimate ‘advent calendar’.

“Each day we will be revealing a new cask which will be available to buy through our dedicated sign-up form above. Every morning for 12 days, an email will go out revealing the cask, with everyone having access to purchase on a first come first serve basis,” a Bordeaux Index representative states.

#finewine #wine #winelovers #winecask #wineinvestment #winenews #bordeaux #bordeauxwine #bordeauxwinelovers #wineinfluencers #sommlife #sommelier #winepassion #wineindustry #winetrade #christmasgift #holidaygift #christmas

US [on-premise] Wine Sales Total $14.8 Billion

Wine sales in the US on-premise sector totaled $14.8 billion in the 52 weeks ended October 8, 2022 according to CGA Strategy by NielsenIQ.

Latest data from the market research firm CGA Strategy reflects a 22% increase over the same period in 2021, but growth is slowing as the on-premise market recovery continues.

Sparkling wine continues to stand out with sales up 34% in the recent period to $2.6 billion. Total domestic wine sales came to $9.2 billion, up 20%, while imports totaled $5.5 billion. Sales of white wine came to $7.2 billion followed by red at $6.5 billion. Happy to say that rosé sales grew 27% to $904 million.

The growth comes in a competitive market marked by fewer outlets and fewer choices for drinkers. CGA reports the number of fine dining outlets has decreased 4.1% between October 2021 to October 2022, while consumer surveys found 21 % of diners report they have noticed fewer menu items and 40 % of those say there are fewer wine options.

In a webinar last week, Andrew Hummel, CGA client Solutions Director for North America, said surveys of on-premise consumers consistently find 50% report they drink something different at restaurants and bars than what they enjoy at home. “It’s really important to understand the on-premise consumer and segment them differently from the off-premise consumer,” he further states.

In terms of the different types of on-premise wine consumers, 37% of those surveyed by CGA who are wine drinkers fall into the company’s “curious and on a budget” category which represents about 30% of all consumers. These restaurant and bar patrons are “moderately engaged,” typically visiting in the early evening and enjoying trying new drinks yet are price sensitive and attracted to values.

To help wine producers navigate a changing market, CGA developed a new report that offers a “360-degree view” of wine in the on-premise sector. This new report blends market data with consumer surveys and “user” data as well as a channel strategy analysis into what the firm describes as its most comprehensive analysis of the on-premise market for wine. “Whether teams are considering a new brand launch in the market or managing a portfolio of legacy wines, the report will provide a robust set of insights across relevant topics to help drinks suppliers win in the on-premise,” states Matthew Compton, CGA’s regional director of North America.

Sources:
NielsenIQ
Wines Vines Analytics

#wine #whitewine #winenews #winelovers #redwine #rosewine #sparklingwine #champagne #USAwinemarket #wineeconomics #winetrends #winemarketing #winesales #winebusiness

OIV Report: Average Volumes for Vintage 2022

World wine production in 2022 is again expected to be slightly below average, with differences between the individual winegrowing zones and countries. The International Organisation of Vine and Wine (OIV) forecasts global production of between 257.5 and 262.3m. hl of wine and must in 2022. There will be regional differences in harvest volumes, but the market surplus will remain.

The average value of 259.9 mill. hl is about 1% below the previous year’s quantity. However, the OIV points out that no information is yet available from China and Russia.

Europe is the heart of global viticulture. The EU alone accounts for 60% of world wine production and production volume is expected to be average, with Italy, France, Romania and Germany, among others, reporting higher harvest volumes than last year. In contrast, Spain, Greece and Portugal have harvested rather low volumes.

In the USA, a slightly lower harvest volume than in 2021 has been reported; 23.1 mill. hl are expected. This would be 4% below the previous year and 6% below the 5-year average, the second lowest volume in the last five years.

After the record year of 2021, the wine-growing countries in the southern hemisphere produced average quantities overall this time, with almost all countries producing less than in the previous year – except for New Zealand, where after a poor harvest in the previous year, this time the largest production quantity ever (3.8 mill. hl, 44% above the previous year) came onto the market. Overall, the southern hemisphere is responsible for about 21% of world wine production in 2022.

#wine #winenews #winegrowing #vineyards #wineharvest #wineproduction #redwine #whitewine #winelover #winemaker #winetasting #oiv #viticulture #vino #vin #winetrade #wineeconomics

Source: OIV

US Joins EU in Nutritional Labelling for Alcohol

European legislators have moved to require ingredient and nutritional information on wine labels (vis QR code), US consumer groups have also fought to achieve the same objective. After 20 years the groups have one their fight.

Starting December 8, 2023, labels of alcohol sold in the EU will have to reveal nutritional and ingredient information directly, or through a QR code. Until now, wine producers with no interest in exporting to Europe have imagined themselves to be immune from this kind of legal requirement, but a recent court ruling shows that American consumers will soon see the same information on bottles on sale in the US.

As the Center for Science in the Public Interest – CSPI – reported “the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) has agreed to issue proposed rules requiring standardized alcohol content, calorie, and allergen labeling on all beer, wine and distilled spirits products [and to] begin preliminary rulemaking on mandatory ingredient labelling.”

The US move has been a very long time coming and results from a legal action by consumer groups and the CSPI against the TTB for failing to act on a 2003 petition submitted by 69 organizations and individual citizens including four deans of schools of public health, and calling for alcoholic beverages to be treated in the same way as other beverages and food products.

Opponents of the move who hope that implementation of labeling legislation may still be delayed will be dismayed to learn that the House and Senate Appropriations Committee’s 2023 budget treats the issue as ‘critical’ and calls for urgent action.

#winenews #wine #alcohol #beer #spirits #winelabels #wineeducation #wineinmoderation #winetechnology #winetrends

Wine Enthusiast Magazine Announces Top 100

Wine Enthusiast’s reviewers blind-tasted over 20,000 wines and scored with a good portion receiving high scores to find the top 100 of 2022!

The Enthusiast 100 puts the best of those discoveries front and center, calling out a savory, brambly Australian Pinot Noir from Giant Steps as the No. 1 wine of the year and a Barolo with scents of pressed roses and pine forest from G. B. Burlotto as No. 2.

Wines with high scores and lower prices got special attention because affordability is an exciting proposition for everyone and can mean wider access. Look for 22 wines at $25 and under, including a racy Spanish Albariño from Rias Baixas and a bone-dry, violet-scented Italian Lambrusco.

These 100 offerings were the most exciting wines of 2022, selected because they were compelling and delicious, had outstanding quality-to-price ratios and are broadly available for purchase. Wines were from 17 countries were represented, from Austria to Canada, Lebanon to South Africa.

The Enthusiast 100 hopes to lure you out of your comfort zone and into the unknown so that you open yourself to new varieties, styles and appellations.

Here they are: https://www.winemag.com/toplists/100-best-wines-2022/

Source: Wine Enthusiast

#wineenthusiast #wineoftheyear #winesof2022 #bestof2022 #wineenthusiastlife #winelife #wineindustry #winelovers #top100 #wine #whitewine #sparklingwine #redwine #winenews #winetasting #wineinfluencers #sommlife #sommelier #winepassion