Wine and Spirit Trade Association’s Post

Anticipated developments in the California bulk wine market suggest a turn for the better, starting in the second quarter of 2024. With China's lifting of tariffs on Australian wine and a falling global demand for wine, the dynamics of supply and demand are set to shift considerably, paving the way for new opportunities for West Coast producers in the U.S. Read more in the latest Hilco Global Smarter Perspective: https://lnkd.in/gsrKkaDc #Wine #CaliforniaWine #BulkWine #HilcoGlobal

The Burgundy 150’s latest peak was in October 2022. Since then, the index has fallen 17.4%, more than the Liv-ex Fine Wine 100, the industry benchmark tracking the most traded wines on the secondary market. However, it’s worth noting that on a five-year basis, the Burgundy 150 remains up on the Liv-ex 100, having peaked considerably higher in October 2022. Find out more about the state of the #Burgundy market here: https://bit.ly/498tDGE

Multi-distribution or exclusive partnership? 🧠A key choice in your export strategy. In this post, I'll unravel the ✅ advantages and ❎ disadvantages of both options. Selecting the right distribution approach is pivotal in your export strategy. If you're uncertain which path aligns with your brand or project, E2G is here to steer you toward the ideal plan for your winery. 🚀 OBJECTIVE: Achieving seamless wine sales in your new market. #winedistribution #wineexport #strategy #wineindustry #sales

The Glamourous life of an International sales Professional🤩 I love working with diverse brands from soft drinks, non alco, wine to spirits and snacks! Often I simply help Producers to gather their export strenght and prepare for their international expansion.💪 Do you have a great brand that you want to position in the Export Markets? Get in touch! 🛫🌍👏 Some of the great brands i got to work with recently: Pravda Spirits International POLLY Bessa Valley Winery Ltd. Rudy's Kombucha Double Dutch Drinks Franklin & Sons Fentimans Ltd Accolade Wines SFD S.A. #sylwiainternationalsales #sylwiainternationalnews #exportsupport #internationalbusiness #drinksindustry #internationalreports #marketdata #salesreport

By using ManageArtworks, this leading Wine and Spirits company achieved significant improvement in efficiency, speed, and collaboration, ultimately strengthening its position in the competitive wine industry. Read more at: https://lnkd.in/g9YiQCkZ #ManageArtworks #ArtworkManagement #WineIndustry #BeverageSector #LabelManagement #RegulatoryCompliance #MarketTrends

Anticipated developments in the California bulk wine market suggest a turn for the better, starting in the second quarter of 2024. With China's lifting of tariffs on Australian wine and a falling global demand for wine, the dynamics of supply and demand are set to shift considerably, paving the way for new opportunities for West Coast producers in the U.S. Read more in the latest Hilco Global Smarter Perspective: https://lnkd.in/gpyxrMUT #Wine #CaliforniaWine #BulkWine #HilcoGlobal

Growth in overseas Wine Estate Buyers "Exciting times in the South African wine industry! As wine farm sales continue to thrive, we're seeing a shift in the buyer landscape. With the global wine market expanding, the question arises: where are the new buyers coming from? Over the past 4 years, there has been a noticeable increase in overseas buyers investing in South African wine farms. The percentage of overseas buyers has steadily risen, reflecting the growing international interest in our diverse and vibrant wine offerings. This trend underscores the quality and appeal of South African wines on the world stage. It's an encouraging sign for the industry and an opportunity for local wine producers to engage with an expanding global market. Let's toast to the future of South African wine and the continued growth of our industry!"

Curious about the latest trends and insights in the bulk wine industry for 2024? Look no further! Join the USA state associations webinar panel with Sid Patel, CEO Beverage Trade Network, on January 10th 2024. Date: January 10, 2024 Time: 9 am PST (San Francisco Time) Platform: Zoom RSVP Here - https://lnkd.in/dgp-wEwy Topics include: 1. 2024 spirits trends that they see coming up 2. How each state and its distillers are investing in sustainability 3. How each association can help spirits producers with domestic and export 4. Markets and latest updates in compliance and taxes affecting distillers in 2024 Speakers include Geoff Longenecker (SAN DIEGO DISTILLERS GUILD), John Granata (New Jersey Craft Distillers Guild), Aaron Bergh (Paso Robles Distillery Trail), President & Distiller (San Louis Obispo Distillers Guild), Teresa Casey (New York State Distillers Guild), David Cohen (Florida Craft Spirits Association). #ibwss #ibwsshow #distillers #spirits #webinar

The August issue of Harpers Wine & Spirit is here, just as the sun graces us and a new government steps in. These changes bring fresh opportunities for our industry: a heightened thirst for quality drinks and a government seemingly prioritising economic stability and business growth. We're thrilled to feature Miles Beale of the Wine & Spirit Trade Association (WSTA) on our Soapbox page. Beale eloquently welcomes the focus on economic growth and emphasizes the vital role of the drinks trade in this mission. His call for a dialogue with the new government is clear, particularly stressing the urgent need to permanently retain the duty easement on wine before it expires on February 1, 2025. This issue also unveils our annual Unusual Suspects report, showcasing emerging wine regions. Tim Atkin MW perfectly captures this sentiment: “More regions are crafting great stuff than ever before… This has changed the way we perceive ‘fine’ wine.” Dive into our detailed exploration of Central & Eastern European wines, spotlighting Hungary, Bulgaria, Romania, Greece, Georgia, and more. Plus, discover wineries from the Azores to Japan, and insights into China’s UK market potential. Join us in celebrating this diverse and exciting time for the drinks trade: https://lnkd.in/dPqcnXka #HarpersWineSpirit #WSTA #WineTrade #EconomicGrowth #UnusualSuspects #WineDiscovery #FineWine

Rioja Maintains its Competitive Advantages in a Turbulent 2023. In 2023, the DO Rioja experienced a decrease in wine sales both domestically and internationally due to the economic recession. Domestically, sales declined by 2%, particularly for red wines which saw a 3.5% drop, but Rioja maintained a 27% market share. Internationally, despite an 11% decrease in Spanish exports, Rioja increased its market share to 39.6%. Exports to Ireland and Belgium saw growth, but there were declines in key markets such as the United Kingdom, Germany, and the United States. Fernando Ezquerro, President of the Regulatory Council of the DO Rioja, acknowledged the economic challenges and emphasized the importance of maintaining Rioja's competitiveness. New regulations were approved to highlight the wine's origin, changing "Municipality Wines" to "Village Wines" and adding the designation "Vineyard in". These measures aim to strengthen the differentiation of Rioja wine. Moreover, the diversity of the appellation was highlighted, emphasizing the origin.     Source: DO Rioja #wine