Shipments of wine from the US in 2021 rose by the largest annual amount for seven years, hitting sales of US$1.44bn, according to figures from trade association The Wine Institute.
The double-digit increase represents the first year-on-year rise since 2013, when US wine exports grew by 16.2%, and marks a turnaround after five consecutive years of value declines. Eight of the ten largest markets saw value gains last year, according to the organisation, with strong demand from Canada (the US’s largest export market for wine) resulting in an overall 10.6% lift in the value of exports globally.
Volume declines in the UK and European Union were downplayed by the organisation and attributed to shipping challenges sparked by global supply chain issues.
“While we continue to see some challenges in the international marketplace for US wine exports, we’re encouraged that export data shows a trend toward countering the impact of the global pandemic, retaliatory tariffs, unfavourable exchange rates and other external circumstances,” said VP of international marketing Honore Comfort.
Last year, the Wine Institute forecast that despite drought conditions in California, it expected the 2021 wine harvest to be “one of the best in recent memory”.
The rise of the hybrid in wine - Click here for a Just Drinks comment
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
