The Value of Capital Markets to the UK Economy report
The Value of Capital Markets to the UK Economy report - commissioned by BNP Paribas in...
Agrifrance, a specialist division of BNP Paribas Wealth Management, publishes its 2017 conjuncture note: the wine market in the United States, a new eldorado for French producers
For more than 17 years now, Agrifrance and BNP Paribas Wealth Management have been producing an annual report providing an overview of the French rural land sector.
With 40 years’ experience and know-how, Agrifrance offers you advice, services and transactions in rural and prestigious properties: vineyards, forests, farmland, country estates and hunting grounds in France.
The world’s two largest economies, the US and China, offer new highly-attractive prospects for the wine industry. The US is the main driver of this growth, with an increase in both volumes and prices.
Worldwide, one bottle of wine in four is consumed outside its country of origin, but – in contrast to New Zealand, Australia and Chile, countries which export 60% of their wine – the United States consumes 80% of its own production. Since 2013 the US has been the world’s leading wine-drinking country, consuming 31 million hectolitres in 2015, i.e. 13% of global consumption. Next comes France with 11%, followed by Italy and Germany, each with 9%, and China with 7%.
“ The US is a market for both wine producers and consumers. With 419,000 hectares, it boasts the world’s fifth-largest vineyard area.With 22 million hectolitres, it is the fourth-biggest market by volume. THE PROSPECTS IN THE UNITED STATES ARE VERY FAVORABLE FOR FRENCH WINES WHICH REMAIN A REFERENCE ON THIS MARKET. COMPETITION IS RUDE, BUT THE FRENCH TERROIR HAS MANY ADVANTAGES. ”
Head of Agrifrance