Lower Chinese export for French wine and liquor

Lower Chinese export for French wine and liquor

French wine and liquor sales abroad have dropped 2.8 % last year, both in value and volume. The major cause was a stricter anti-corruption policy in China, that made Chinese export drop 17 %.

Export down to 10.8 billion euro

In 2014, France exported 10.8 billion euros worth of wine and liquor, according to the Fédération des Exportateurs de Vins et Spiritueux français (FEVS), which is nearly 3 % lower than the year before.

 

Christophe Navarre, head of the FEVS, remains upbeat about the performance: "This is the third best performance ever in the history of the wine and liquor branch and the fourth year in a row we have surpassed the 10 billion euro mark."

 

Chinese sales fall back

The United States are still France's most important export market, with a 4 % turnover growth in 2014. Its European performance is holding steady, with decent numbers for Germany and Sweden and growth once more for Italy and Spain. Eastern European export has suffered under the Ukrainian crisis and the faltering ruble.

 

Export to Belgium remained stable and the small country is still France's sixth most important export region. In total, France exported 596 million euros worth of wine and liquor to Belgium.

 

Chinese exports have suffered tremendously because the local government has been fighting corruption for several years now and that means that giving away (French) high-quality drinks has been restricted. That has resulted in a 17.4 % turnover drop, down to 681 million euro. Chinese turnover had already suffered a similar drop in 2013, down 18 %.

Questions or comments? Please feel free to contact the editors


Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Desigual suffers turnover blow in first three quarters

14/11/2017

Spanish fashion chain Desigual suffered a blow in the first three quarters of 2017, with turnover  down more than 10 %. It mainly struggled in Europe, a region where it generates almost all of its turnover.

Two or three stripes on clothing are Adidas' property

13/11/2017

Swedish store chain H&M can no longer use parallel stripes on its (sports) clothing, because they resemble Adidas’ three stripes too much, according to a The Hague court.

Strong third quarter for Adidas

10/11/2017

Sports clothing manufacturer Adidas experienced a strong third quarter. Its growth was slower than in the previous quarter, but its operational profit exceeded analysts’ expectations.

Yoox Net-a-Porter grows but still failed to live up to expectations

09/11/2017

Online retailer Yoox Net-a-Porter’s third quarter like-for-like turnover grew 17.7 % to 481.8 million euro, which is not entirely what analysts had expected. Its growth slowed down in the United States and China in particular.

Back to top