All those people who love wine, especially those Premium or export wines, will have good reasons to offer during the coming months of this year, since the prices of several geographical areas will fall.

Input prices are falling in many cases, but the prices of certain varieties and qualities remain, analysts said. For example, the prices of generic wines from Spain and Italy are decreasing due to a large harvest in 2018, while the bottles from Argentina have become less expensive due to the devaluation of their currency. This according to an analysis of Rabobank International.

According to the analysts, bulk wine prices at the end of the year began to reflect the impact of the great 2018 harvest in Europe, and the prices of Spanish and Italian wines showed the most significant contractions. The great harvest of 2018 “will have a profound impact on the 2019 trends.

However, consumers may have to pay more for quality. Input prices are falling in many cases, but the prices of certain varieties and qualities remain, analysts said.

In addition, online sales are growing and margins for sellers are attractive because there is a supply of more quality than that available in physical stores, they said. Analysts added that electronic commerce can offer additional advantages, such as easier and cheaper geographic expansion.

Along with convenience, online wine buyers seek uniqueness, the report says. E-commerce offers consumers products and an experience that they can not find in their local store, and they are willing to pay more for it.

So, you know … in some places on the planet there will be consumers who can access high quality wines at convenient prices. Everyone will be expectant in the face of this eventual price decrease, mainly of export wines and Premium wines, and also of bulk wines.

Chilean wines, mainly Premium wines, are being recognized all over the world. A clear example of this is the Asian continent. Undoubtedly, high-end or premium Chilean wines are the most important in the international high class market. Chilean wines occupy an important place in this booming Asian market.
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