Champagne Poised For A Record Year
Date£º 2016-01-06 15:23  Source£º thedrinksbusiness    Author: Lucy Shaw   Translator:

Sales of Champagne reached a record high last year, driven by strong demand from export markets, favourable exchange rates and steady sales in France.

 

Champagne Poised For A Record Year

According to estimates from news service Reuters, 312 million bottles of the French sparkler were sold last year, up 2-3% on 2014, while value sales were up 4.4% to €4.7 billion.

 

If proved correct, 2015 would go down as a record year for Champagne sales by value, beating the previous record set in 2007, when sales reached €4.56 billion prior to the global financial slowdown.

 

However, the volume estimate falls short of Champagne¡¯s former high point, when the region shipped 338.7m bottles in 2007.

 

A flurry of prestige cuv¨¦e releases such as Dom P¨¦rignon 2006 helped drive sales last year, along with a growing demand for ros¨¦ Champagne in Japan and the US.

 

A return to pre-recession decadence boosted Champagne sales in the UK, while Spain and Italy both showed a growing appetite for the fizz. Champagne sales are also creeping up at hypermarkets and specialist stores in its homeland after years of being on the slide.

 

¡°France is on a recovery path. Consumers need to enjoy life,¡± Bruno Paillard, CEO of Lanson BCC, told Reuters.

 

Official figures for 2015 will be published next month by the CIVC.

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