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22/11/2021
In 2021, Bourgogne wines enjoyed growth in terms of exports to almost all markets. That was even better than 2019 . This was mainly due to the 2020 harvest, the boom in consumption during confinement, and government recovery schemes. Over the coming year, however, this may well be challenged by the slim pickings of the 2021 harvest and the potential slowdown of the global economy.
Frédéric Drouhin, Chairman of the Bourgogne Wine Board, gives an update on the situation on the occasion of the Hosices de Beaune auction press conference:
The arrival of the 2021 harvest, of between 900,000 and 950,000 hectoliters, had an immediate impact on transaction volumes for the 2021-2022 campaign.
Sales from the property at the start of this campaign, excluding sales of the 2021 vintage, remain on a positive trend, up 2.3% by volume compared to the same period in the previous year, and stable compared to the five-year average, thanks to the 2020 vintage.
The current situation is not unprecedented, since the average annual harvest of around 1.4 million hectoliters between 2017 and 2021 is identical to that of the previous five-year period from 2013-2017. Bourgogne industry players will nevertheless make sure to carefully supply their markets over the coming year, as they did after the 2016 and 2013 vintages. They remain very vigilant as the current boom in consumption and the small 2021 harvest will require very careful management of volumes and distribution, which will present a major challenge over the next two years.