2021 Champagne Shipments are back to pre-Covid Levels

Champagne shipments for 2021 are expected to reach 305 million bottles, a total that takes the market not only back up to pre-Covid levels, but beyond them, reports Reuters last week.

The forecast comes on the back of surging post-pandemic Champagne demand in markets such as the US, UK, and Australia.

If last week’s projection comes to be true this will take Champagne close to its 2017 levels, and this means 2021 could represent a four-year high for the region – see figures below.

Champagne shipments (bottles) 1999- 2021 with totals:

2021: estimated 305m

2020: 245.0m

2019: 297.5m

2018: 301.9m

2017: 307.3m

2016: 306.1m

2015: 313m

2014: 307m

2013: 305m

2012: 309m

2011: 323m

2010: 319m

2009: 293m

2008: 322.5

2007: 338.7

2006: 321.8

2005: 307.7m

2004: 301.4

2003: 293.5

2002: 287.7

2001: 262.7m

2000: 253.2m

1999: 327.0m

 

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Mumm 2021 Harvest – Part lll – “Only the Best”

Mumm 2021 Harvest – Part lll – “Only the Best”

The region’s harvest officially started September 6th this year.  The Comité Champagne announced that as much as 60% of the yield was lost due to poor weather conditions where the grapes succumbed to botrytis and mildew.

The grapes are picked around 100 days after the vines have flowered and when they are the ripest. As required by The Comité Champagne, picking is exclusively by hand, vineyard parcel by vineyard parcel, bunch by bunch. Maison Mumm employs around 1,000 grape pickers for this three-week period.

Prior to picking, MaisonMumm sends a Collard machine down the rows.  This will do some partial trimming to make it easier for the grape pickers. Once the grapes are picked, they are placed in yellow bins. Laurent Frenet [Chef de Cave of Maison Mumm] strategy is not to keep the grapes too long before pressing – once the bins are full, they are rushed off to the press houses. Mumm has seven traditional presses ‘Coquard presses’, near its vineyards.

The grapes are sorted at the vineyard level and as per Georges Hermann de Mumm’s maxim “Only the best” bunches are picked.

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Liv-ex 1000 shows that interest in wines from Burgundy, Champagne, the Rhône, Italy, and US has grown rapidly and unexpectedly

New categories of wine are entering the secondary wine market for the first time, with trading up by 70% from 2019.

Bordeaux, which once dominated the secondary market, now has a share of trade less than half of what it was a decade ago. But it hasn’t fallen out of favour – rather, its share has shrunk as the overall market has surged and interest in wines from Burgundy, Champagne, the Rhône, Italy and the US has grown rapidly.

“Last year was a positive year for the wine market, with all major Liv-ex indices showing gains,” said Liv-ex Director and Co-Founder, Justin Gibbs.

Liv-ex (the London International Vintners Exchange) is the London-based global marketplace for the wine trade, where fine wine merchants from around the world buy and sell wine. What happens on the exchange is a reliable indicator of the health of the secondary wine market.

And what it shows is that the secondary wine market is not just booming, it’s broadening.

Fast Market Growth

The number of distinct wine brands traded on Liv-ex last year was up 70%, from 996 in 2019 to 1,420. The total number of wines – including different vintages of the same wine brands – was 8,735, up 72% from the 2019’s 6,367.

The surge has continued into 2021, with March 2021 closing on the biggest month of trade in Liv-ex’s 21-year history – 1,250 distinct wine brands were traded, of which 130 were newcomers to the secondary market. More than £80 million ($109 million) of live bids and offers, are currently available on the market.

The Liv-ex 1000 index was established in 2014 to capture this broadening. As with all Liv-ex indices, it reflects the activity of e Liv-ex membership – a pool of over 500 of the world’s leading wine merchants, who between them represent the biggest and deepest pool of liquidity anywhere in the world.

Most importantly, as a trading and data resource, it is completely independent. And it shows stark changes in the fine wine market, as new wines enter the secondary market.

One Index Alone Is Up 87%

The most striking example of the changing dynamics of the market is the Burgundy 150. It has risen 87% over the last five years, the beneficiary of collectors putting their capital into a new category.

The Champagne 50 has risen 58% over the last five years, driven by the brand power and prestige of the grandes marques Champagnes, widely available stock, global distribution and accessible price points.

The Italy 100 has risen 45% over the past five years, as merchants and collectors discover the relative value to be found in the great wines of Piedmont and Tuscany.

The Rest of the World 60 – which includes the top wines of California, as well as Australian, Spanish and Portuguese wines – has risen 31% over five years. US wines, in particular, are attracting attention; in 2019, US wines represented just 2% of trade by value on the market. That shot up to 7% of total trade last year.

What’s Driving the Trading?

As elsewhere in the economy, technological innovations have swept through the wine industry, transforming the behaviour of both wine businesses and buyers. This past year has seen the launch of new wine tech start-ups, digital wine apps, soaring online sales and virtual tastings, ensuring that people are no longer anxious about buying or trading online.

“These innovations in technology have had a significant impact on buying patterns,” said Gibbs. “As more of the wine trade go digital – with many enabling their customers to access the market using our Automation services – we are seeing increasing diversity in what is traded as collectors are put in the driving seat.”

As a result, the wines brought through Liv-ex in 2020 not only came from the more traditional fine wine regions like Bordeaux and Burgundy, but also from China, Hungary, Switzerland, Austria, Germany, Chile, Argentina and more. Prices per bottle also ranged from £4 to £21,000. As the wine world becomes increasingly digital, this broadening trend is likely continue.

The Market Set to Expand Further

Since 2019, US collectors and merchants have been constrained by the US government’s tariffs on the wines of France, including Bordeaux and Burgundy.

“The tariffs have had a singular effect on the fine wine market over the last 18 months, not least for Italy and Champagne whose wines were excluded from the extra 25% levy,” said Gibbs.

But the recent lifting of the tariffs has had a marked effect on activity – leading to a strong kick in demand for wines of all regions.

There are also other reasons to believe the fine wine market will both grow and diversify further.

“The combination of low interest rates and massive fiscal spending suggests that asset inflation will not be confined to equity, commodity and property markets,” said Gibbs. “The fundamentals of fine wine will also be an attractive option to those with cash to spare.”

#livex1000 #livex #finewine #burgundy #champagne #bordeaux #Rhone #USwine #winenews #instawine #winelovers #winecollectors #wineinvestment #digitalmarketing #finewineregions

 

 

 

Lady Gaga Collaborates with Dom Pérignon

Singer-songwriter Lady Gaga will be featured in an advertising campaign for Dom Pérignon Champagne starting April 6th.

The campaign is to be shot by British fashion photographer Nick Knight, although no further details are available at this stage.

She captioned the post on Instagram: “I am very excited to announce my collaboration with @domperignonofficial! Dom Pérignon and I are both driven by the need for creative freedom, and we’re excited to share the Queendom with you, an artistic universe we created with my dear friend @nick_knight! (sic)”

Lady Gaga and the Champagne house will also be embarking on a wider collaboration that will see the release of limited-edition Dom Pérignon bottles along with a sculpture designed by Lady Gaga.

Dom Pérignon will also be supporting Lady Gaga’s “Born This Way Foundation.”

 

Champagne Nicolas Feuillatte and Champagne Castelnau Announce Merger

The Boards of Directors of Centre Vinicole – Champagne Nicolas Feuillatte (CV-CNF) and the Coopérative Régionale des Vins de Champagne Castelnau (C.R.V.C) agreed on the action in order to “strengthen the cooperative movement in the Champagne region”.

The move is subject to a vote at the AGM of both companies in June 2021.Once approved, a new name will be created.

CV-CNF and CRVC represent over 6,000 growers in the French region. Nicolas Feuillatte is the largest producer in the region before this merger was announced. “Our grower families will be proud to back this new cooperative project. Our vision of the future and determination will safeguard the social and federating values of our community of local winegrowers,” said Fabrice Collin, C.R.V.C’s chairman.

Véronique Blin, chairwoman of the CV-CNF, said: “This merger represents the place where our common destiny will take shape, where together we will find the impetus to breathe new life into the Champagne vineyard, and from which we will emerge stronger and more together.”