According to a market analysis by NielsenIQ, commissioned by the German Wine Institute (DWI), the purchased volume of wine decreased by 4%, sales decreased by 5%.
For years, the US has been the world's most appealing export market. Not only were American consumers prepared to pay more, but the market kept expanding. Jeff Siegel says the party’s over.
With the declining quantity of customers, wine sales in the German market are also decreasing. However, revenue has slightly increased so far in 2024, partly due to inflation.
Thailand has an unusually high alcohol tax and one of the most complex excise tax systems in the world. The new government is making life a little easier for the wine trade.
Looking for the perfect wine getaway? Austria’s winegrowing regions offer an unforgettable blend of tastings, scenic vineyard tours and cultural highlights – ideal for wine lovers, nature enthusiasts, and art aficionados alike.