The rise and rise of Burgundy sees exports from Burgundy hit €1 billion for the first time
Burgundy’s exports hit a €1 billion for the first time in the year to September, while Liv-ex continues to see the fine wine market fall.
Exports rose by 6.5% in volume and 9.8% in value with most markets up. The UK, Burgundy’s second biggest export market, rose 1.1% by volume while Switzerland, Hong Kong and Japan all had big gains of 23.8%, 12.9 and 11.7% by volume.
The rise is against a general drop in fine wine sales, as the fine wine market index Liv-ex, saw another 1.3% drop in value. This drop has been attributed to the strengthening pound against the euro, US punitive tariffs imposed in October and on-going instability in Hong Kong.