China’s imported spirits market experienced a sharp downturn in 2024, with brandy and whiskey imports plummeting under the weight of high inventory levels and waning demand. Read More
Europe
The European Union is pushing India to lower tariffs on wine, spirits, and other key exports as part of efforts to boost bilateral trade, while concerns mount over potential U.S. tariff hikes on European goods. Read More
Japan’s sake exports grew 6% in 2024, driven by strong demand in North America and Europe, while sales in Asia, its largest market, declined. Read More
Spain’s Rioja wine exports grew 4.42% in 2024, buoyed by strong demand in the United Kingdom and United States, even as the global wine market continued to contract. Read More
Bordeaux’s wine production fell to its lowest level in more than three decades in 2024, driven by climate challenges, declining global demand, and strategic supply cuts by winemakers. Read More
South Korea’s off-trade (retail) sector has played a key role in boosting Bourgogne white wine sales. Read More
French wine and spirits exports fell for a second consecutive year in 2024, dragged down by weaker demand in China, according to a report released Tuesday by FEVS. Read More
Wine Paris, the three-day trade fair, drew 52,622 visitors from 150 countries from Feb. 10-12, setting a new record for attendance. Read More
China’s largest duty-free operator has allegedly removed cognac products from top producers, including Martell, Hennessy, and Rémy Cointreau, in what appears to be an escalation of trade tensions between Beijing and Brussels. Read More
The network is suspected of exporting up to 24,000 liters of fake wine, with an estimated financial impact reaching millions of dollars. Read More