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The Bourgogne wine sector well placed to satisfy demand


- The 2017 harvests had both quality and quantity, and have given a boost to recent wine transactions. The first three months of the 2017/2018 campaign recorded strong volumes traded, equivalent to figures for 2014, which was a record for the past 20 years. This has brought some fresh color back into the market.

- For the 2016/2017 campaign, the low volumes in 2016 (down 18% on 2015, with 1.223 million hectoliters) temporarily slowed volumes leaving sales from estates and transactions for those appellations most affected by losses.

- The appellations which fared well in 2016 continued their growth on the export market (United States, United Kingdom, Canada) and on French distribution circuits.

- The arrival of the 2017 vintage, estimated at around 1.45 million hectoliters, should help stimulate markets in 2018.


Advance trade transactions very disparate depending on the appellation

The 2014 and 2015 harvests allowed wine stocks to be partially replenished, although certain appellations saw stocks once again reduced due to the low 2016 yield. At the end of July 2017, stocks were estimated at 9-10 months (2016-2017 campaign), or a little over 1.1 million hectoliters, down 10.4% compared to the 2015/2016 campaign.
However, this wasn’t the case across the board, since those appellations that were unaffected by frost or hail benefited from higher stock levels.
The 2017 harvest, which was overall more generous than in 2016, should have a positive impact on this situation. With total volumes estimated at 1.45 million hl, it is slightly above the average of the previous 10 years (2007-2016), yet below the maximum permitted under appellation regulations.

Export: Bourgogne wines recover market share for certain appellations

Bourgogne wines maintained a strong presence on the export market, despite the deficit in volumes of 2016 wines for certain appellations.

For the first nine months of 2017, Bourgogne wine exports were stable at the equivalent of 58.36 million bottles (down 1% by volume compared to the same period in 2016). This figure hides some wide disparities.
Chablis wines (36% of Bourgogne white wine exports) were heavily affected by weather incidents in 2016, resulting in a drop of 14.4% by volume, which translates to a short-term loss of almost 2.3 million bottles on the export market for the first nine months of 2017. Excluding Chablis, the number of bottles of Bourgogne wine exported was up by almost 2 million bottles (up 4.1% for the first nine months of 2017).

Revenue continued to grow, reaching 636.1 million euros for the first nine months of 2017 (up 7.9%). This was a new record, comprised 50% by white wines, 46% by red wines, and 4% by Crémant de Bourgogne.

The main markets of North America, Europe and Asia all showed strong performance in terms of revenue. Nonetheless, growth in export volumes were a reflection of the 2016 vintage as a whole, with wide variations according to appellation and market.



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{climat Vignoble Bourgogne Patrimoine Mondial}