Bourgogne wines return to better volumes in a still-disrupted global environment
The arrival of the abundant and high-quality 2022 harvest has given the Bourgogne region new room for maneuver, guaranteeing economic sustainability and more wines on the marketplace. However, multiple global challenges in recent years are reshaping the international geopolitical environment and bringing fresh challenges to Bourgogne wines.
The 2022 harvest, estimated at 1.75 million hectoliters, up 23% compared to the average over the past five campaigns, comes as a relief to producers impacted by the small volumes of the 2021 vintage, which yielded just 0.9 million hectoliters, or around 133 million bottles. It will ensure the markets are able to relax a little towards the end of 2023.
While stocks at the property at the end of July 2022 were well below the five-year average, equivalent stocks with the négoce business helped prevent any interruption to supplies.
Exports revenues have continued to grow and were up 12.6% over the first eight months of 2022 compared to the same period in 2021, while the lack of wine was reflected in volumes which were down 10.2% compared to the same period in 2021. However, the level of exports remains higher than in the pre-Covid period: up 8.5% in the first eight months of 2022 compared to the same period in 2019.
Watch laurent Delaunay on 20 November 2022 presenting all those results: