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The market for Bourgogne wines: 2016 a good year, both for export and in France

02/05/2017

Bourgogne Wines have had a wonderful 2016 on their market

As expected, the 2016 harvest was down 15% compared to the average over the last five vintages. Nonetheless, over the long term, the overall volume of Bourgogne wines going to market remained stable, with only a 1% drop between the decade 2007-2016, compared to 1997-2006.

In the short term, the 2016 vintage has impacted the advance market, with a 14% drop in volume of transactions over the first eight months of the 2016 2017 campaign, and an 11% fall in wine leaving estates over the first six months. The various appellations were, however, affected to very different degrees.

In terms of the downstream market, the high quality 2015 vintage with its greater volumes allowed Bourgogne wines to regain market share in some territories, especially in the United States, United Kingdom, and Canada, with record revenue (up 4.5% compared to 2015 to 813.2 million euros). The same can be said for French distribution circuits.

 

Despite this good performance, those in the Bourgogne wine sector remain prudent. There is concern about production capacity, both in terms of structural and short-term changes in its two main markets, USA and the United Kingdom.

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{climat Vignoble Bourgogne Patrimoine Mondial}