Learn more about Chilean bulk wines in www.cortahojas.com.-/ A very good news brings the economic indicators for the wines in bulk. Sales prices of bulk wine have skyrocketed in all home markets due to poor harvests in Europe.
On the other hand, the producers have speculated that the fires that occurred in California would generate a positive scenario for the value of this drink. However, the export values of the Chilean bulk would already have reached the ceiling.
A report by ODEPA (Bureau of Agricultural Studies and Policies) states that in September 2017, the average price per liter of bulk wine reached US $ 0.88 FOB (on-board cost), the best value since the same period of 2014, when it reached US $ 0.92 a liter.
The information shows that exports of this type of merchandise reached US $ 261.1 million in FOB value. This figure represented an increase of 19.8% over the US $ 218 million obtained in the same period last year.
In relation to volume, shipments reached 296.5 million liters, 0.9% less compared to 299.1 million liters sold during the same period in 2016.
In Europe prices have been rising for several months and the market has already adjusted. As in Chile there were two bad crops (one that was rotten and one that was short) and in Argentina there were also a couple of failed crops, local bulk wine prices had already risen a lot. Chile is currently more expensive than its main bulk competitors in South Africa, Spain and Australia, as reported in the sector.
The main target markets in value to September 2017 were the United States, with a total of US $ 51.7 million; followed by Argentina, with US $ 38.6 million; China, with US $ 34.6 million; United Kingdom, with US $ 32.4 million; Japan, with US $ 19.9 million, among others (see infographics).
In volume, in the meanwhile, the country that topped the list was Argentina – whose production is historically twice the Chilean – with 63.8 million liters.