Chilean producers are happy with the figures recorded in May 2019, but warned that they do not represent an upward trend, since these positive results do not ensure that similar and higher growth will be recorded in the coming months.
The growth of a month says very little, and it would be a mistake to say that the trend of the previous months is reversing. China and Korea are having more dynamism. The growth in volume that occurred during May in Korea is very important.
The news gives optimism after a bad start to the year, where exports of bottled wine begin to rebound. During May, both the volume and the value of shipments abroad rose, marking their best performance so far this year, according to figures provided by Vinos de Chile.
In the fifth month of 2019 there was an increase of 10.7% in the volume of exports, with 5.1 million boxes. While the value of these reached US $ 145.8 million, which represents an increase of 10.4% over the same period of 2018. The average price, meanwhile, was US $ 28.5 per case, slightly less than the same month of last year, with a decrease of 0.3%.
Thus, the exports of bottled wine between January and May present a level similar to the same period of the previous year, with 21.5 million boxes sent abroad for a value of US $ 612.5 million, which represents a slight increase of 0.1% in volume and a decrease of 1.5% in value.
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The category of wines over US $ 40 per box also registered good results in the main export markets of the national product. China – the most important destination – led the shipments in this segment, with 156.5 thousand cases for US $ 10.9 million, which represented an increase of 72% in volume and 65.4% in value compared to May 2018. While exports of this category to the United States totaled US $ 4.3 million, 19.2% more than in the same month last year.
In May 2019 the markets reacted, especially China, a country that showed greater dynamism after several months to the downside. The rise in the US in this category it was mainly due to a special purchase.
Mexico delivered a surprise, as the value of wine shipments reached US $ 4.5 million, 73.6% more than in the same month of 2018. Mexico is emerging as an attractive market within the region, where in the future some actions can be done.
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