According to information provided by the Spanish Wine Market Observatory, Chile improved its wine exports in 2017, more in value than in volume, registering the highest price of the last three years. Chile is the only American supplier of the three that we present that increased its exports.

2017 clearly was a year marked by the growth of sales of Chilean wine. All categories increased in value and volume. Bulk wine sales also had a significant increase mainly to Argentina, a country that after a low harvest in 2016 was forced to import bulk to meet domestic demand.

On the other hand, China spent almost 30% more on Chilean wine and moved away from the US as the first investor. Likewise, Argentine exports decreased by almost 15% in volume due to the collapse of the bulk (-39%), wine more dependent on the harvest and which has gone in just 5 years from more than 160 to less than 35 million liters.
The United States also reduced its exports in 2017, in this case due to the sharp drop in bottled wine, whose volume is the lowest since 1997 due to the collapse suffered in the United Kingdom. This coincides with the increase in bulk sales in the British market, a major global distributor, which indicates that the US is bottling part of its wines in that country. Canada breaks with the global decline and gains market share as the first market in terms of value.

In Europe, Germany’s wine exports grew in 2017 after three consecutive years of decline. Germany once again surpassed the barrier of 1,000 million euros in turnover for the second time in its history (the first was in 2013), due to the increase in bottled wines, which already account for almost 80% of the income obtained.
In 2017, there was also an increase in the markets of the Netherlands and Poland, where the bag-in-box stood out among German exports, since its volume is higher than that of bulk and foam.

Returning to Chile
So far in 2018, exports of bottled Chilean wine recorded a 6.1% increase in volume and 10.6% in value in February compared to the same month of 2017. The average price of shipments rose 4.31% versus the same period of 2017, standing at US $ 29.8 per case, and exceeding the 2017 average, which was US $ 28 per case.
Chilean wines have made their way to be among the best in the world. The quality, consistency and price are factors that make the difference.

Learn more about Chilean wines at www.cortahojas.com