US wine market looks promising for NZ - News Summed Up

US wine market looks promising for NZ


Photo: ODT filesThe United States is shaping up as an increasingly attractive market for wine exporters, barring any major adverse trading changes under President Donald Trump's Administration. Rabobank's latest wine quarterly report showed US wine imports continued to grow in 2016, rising 2% by value and 3% by volume. French wine export growth was somewhat muted in the first nine months of 2016, as the challenging environment in the UK market partially offset growth in the US and China. Australian wine export volumes posted a modest fall over the first 10 months, as strong growth in the Chinese market was not enough to offset significant declines in other major markets. European exporters would face increasing challenges in the UK market as a result, and the US would become more attractive in both an absolute and a relative sense.


Source: Otago Daily Times January 30, 2017 17:03 UTC



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