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Spain, low prices and high shares

Spain, low prices and high shares

The Spanish Wine Markets Observatory publishes data on wine exports
April 13, 2018

The Spanish producers have sold 22.8 million hectoliters of wine abroad for a counter-value of 2.85 billion euros. According to the Observatory, Spain has become part of the world leaders, ahead of its main competitors (Italy 21 million hectoliters and France 15 million hectoliters) thanks to the “quantity policy” that has made Spain the world leader in wine exports at low prices.

In terms of revenues, the Spanish producers watch the performance of French and Italian bottles from afar: the average price of one liter of wine produced in Spain and exported is 1.25 euros, 64 cents less than Chilean wines and 1 euro, 76 cents less than the Australian ones. Only South African producers are able to export at a lower cost of Spanish wine (1, 23 euros / liter). Comparing the Observatory data (2017 on 2016) Spain has increased wine exports by 2.5% (with 9 million hectoliters of bulk wine) especially within the EU (France, Germany, Great Britain and Portugal) Outside the EU, the highest growth was recorded in China (+ 48%) while on the Russian market growth stopped at 4%.