The global bulk wine market was relatively active in the first six weeks of the year compared to the slowness of the second half of 2023. Where has the activity occurred and what is the latest news from the Southern Hemisphere’s vineyards, where harvesting is getting underway?
Robert Joseph has a broad-ranging conversation with Rodolphe Lameyse, CEO since 2019 of Vinexposium, organiser of Wine Paris & Vinexpo Paris, Vinexpo Asia, Vinexpo America, Vinexpo India, and the World Bulk Wine Exhibition in Amsterdam.
As every January, this month’s Ciatti Global Market Report looks back at the year just passed and ahead to the new one. If 2022 was characterised by rising annual inflation levels and a supply chain crisis, 2023 will be remembered for interest rates rises and slow buyer demand.
A year of flat or declining wine sales due to consumer pessimism draws to a close with bulk markets in December exhibiting the same slowness they have done throughout the previous eleven months. Transactions are, on most wines in most markets, incremental and price-sensitive.