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Pichon Longueville Comtesse de Lalande invests in South Africa
Pichon Longueville Comtesse de Lalande, a Bordeaux second-growth estate, has spread out its vineyards in South Africa. The chateau purchased 126 hectares in Stellenbosch area. It took May-Eliane de Lencquesaing a long time before she decided to invest in South Africa. The wine produced has a few chances to be similar to its Bordeaux wine as both the terroir and climate are different. The vineyard is made up of Merlot, Cabernet-Sauvignon, Syrah and maybe petit Verdot. Thomas Dô-Chi-Nam is in charge of the Glen Elly property. The first bottles of the Glen Elly/Pichon Lalande wine should hit the market by 2012.
Exports of Australian wines
Australian Bureau of Statistics revealed the value of Australian wine exports has dramatically decreased by over a quarter in just one month. The ABS said Australian wine exports slumped 27% in November 2003 to $155.3 million and exports by quantity dropped by 22%. Annual figures also spotlight the declining value of Australian wine exports. The volume of wine shipped overseas was up 17.7% and 5% in value in November 2003 compared with November 2002. As well as the decline in export, the average value of a litre of Australian wine dropped from $0.82/liter between November 2002 and 2003.
A key reason for the decreasing value is the strength of the Australian dollar and the fall of 26% of the US Dollar. The dip in export volume, falling overseas prices and a sharp rise in the Australian dollar in recent months has made reaching the target difficult. Australian producers and exporters are now facing with the difficult choice of either raising prices or cutting profit margins. Australia is the world's fourth largest wine exporter, accounting for about 7% of world trade behind France, Italy and Spain. wine has been one of Australia's fastest growing exports in the past decade and the U.K., U.S., New Zealand, Germany, Canada, Ireland and Sweden are all major markets.
Bordeaux wine Exports
From July 2002 to July, 2003 Bordeaux exported 280 millions of bottles. Since 10 years, the exports of wines of Bordeaux have raised from 31% in which 15% in EU and 86% in others countries. While the international competition is huge, in short-term, the sales in volume go on decreasing in EU and they regularly increase in others countries. In addition, the sales in value markedly rose. In 2002-2003 Bordeaux has exported nearly 280 millions of bottles for a turnover of 1.4 billions euros. In European Union, sales in volume decreased of 7% and sales in value increased of 7%.Germany is the 1st country for value sales in Bordeaux wines. We notice a small drop (-1%) due to white wines while red wines remain stable. On the other hand, the increase in value is 3%. Belgium is the 2nd country but decreased by 6%. Both white and red wines are in drop. This market (Luxembourg included) is up by 27% in 10 years. The UK drops in 9%. On the other hand, the value sales increased by 33%. Despite this fall, Bordeaux wines exports have increased by 28% in 10 years. The Netherlands and Denmark decreased respectively by 10% and 14%. Exports in Ireland are improving of +3%. In others countries, the sales in volume increased of 6% and sales in value raised of 27%. The USA becomes the 1st value market (285 millions euros) with a 77% increase. On this market, Bordeaux wines have a cyclic evolution. We notice the important role of the vintage in the export. In 2002-2003, the consignments of vintage 2000 have made raised the market. Over the 10 last years, Bordeaux wines are increasing by 12% in volume in USA. In spite of stabilization over the last months, sales in Canada have been dropped in 7% compared with the last year record. In 10 years, Bordeaux wines increase has been + 23%.The consignments in Japan are up by 4% and 5% in South Korea. The Bordeaux wines exports in Japan are increasing by 262% in 10 years. The exports in Switzerland are improving: + 6%. The Bordeaux wines increase is 26% in 10 years. In Russia, the sales are raised from 8%.
Pichon Longueville Comtesse de Lalande, a Bordeaux second-growth estate, has spread out its vineyards in South Africa. The chateau purchased 126 hectares in Stellenbosch area. It took May-Eliane de Lencquesaing a long time before she decided to invest in South Africa. The wine produced has a few chances to be similar to its Bordeaux wine as both the terroir and climate are different. The vineyard is made up of Merlot, Cabernet-Sauvignon, Syrah and maybe petit Verdot. Thomas Dô-Chi-Nam is in charge of the Glen Elly property. The first bottles of the Glen Elly/Pichon Lalande wine should hit the market by 2012.
Exports of Australian wines
Australian Bureau of Statistics revealed the value of Australian wine exports has dramatically decreased by over a quarter in just one month. The ABS said Australian wine exports slumped 27% in November 2003 to $155.3 million and exports by quantity dropped by 22%. Annual figures also spotlight the declining value of Australian wine exports. The volume of wine shipped overseas was up 17.7% and 5% in value in November 2003 compared with November 2002. As well as the decline in export, the average value of a litre of Australian wine dropped from $0.82/liter between November 2002 and 2003.
A key reason for the decreasing value is the strength of the Australian dollar and the fall of 26% of the US Dollar. The dip in export volume, falling overseas prices and a sharp rise in the Australian dollar in recent months has made reaching the target difficult. Australian producers and exporters are now facing with the difficult choice of either raising prices or cutting profit margins. Australia is the world's fourth largest wine exporter, accounting for about 7% of world trade behind France, Italy and Spain. wine has been one of Australia's fastest growing exports in the past decade and the U.K., U.S., New Zealand, Germany, Canada, Ireland and Sweden are all major markets.
Bordeaux wine Exports
From July 2002 to July, 2003 Bordeaux exported 280 millions of bottles. Since 10 years, the exports of wines of Bordeaux have raised from 31% in which 15% in EU and 86% in others countries. While the international competition is huge, in short-term, the sales in volume go on decreasing in EU and they regularly increase in others countries. In addition, the sales in value markedly rose. In 2002-2003 Bordeaux has exported nearly 280 millions of bottles for a turnover of 1.4 billions euros. In European Union, sales in volume decreased of 7% and sales in value increased of 7%.Germany is the 1st country for value sales in Bordeaux wines. We notice a small drop (-1%) due to white wines while red wines remain stable. On the other hand, the increase in value is 3%. Belgium is the 2nd country but decreased by 6%. Both white and red wines are in drop. This market (Luxembourg included) is up by 27% in 10 years. The UK drops in 9%. On the other hand, the value sales increased by 33%. Despite this fall, Bordeaux wines exports have increased by 28% in 10 years. The Netherlands and Denmark decreased respectively by 10% and 14%. Exports in Ireland are improving of +3%. In others countries, the sales in volume increased of 6% and sales in value raised of 27%. The USA becomes the 1st value market (285 millions euros) with a 77% increase. On this market, Bordeaux wines have a cyclic evolution. We notice the important role of the vintage in the export. In 2002-2003, the consignments of vintage 2000 have made raised the market. Over the 10 last years, Bordeaux wines are increasing by 12% in volume in USA. In spite of stabilization over the last months, sales in Canada have been dropped in 7% compared with the last year record. In 10 years, Bordeaux wines increase has been + 23%.The consignments in Japan are up by 4% and 5% in South Korea. The Bordeaux wines exports in Japan are increasing by 262% in 10 years. The exports in Switzerland are improving: + 6%. The Bordeaux wines increase is 26% in 10 years. In Russia, the sales are raised from 8%.
