US trade wars loom as Scotch faces £600m hole in exports

A mounting global trade war between the US and its three largest trading partners has reignited concern for businesses in markets such as the UK, as the Scotch whisky industry is still recovering from a £600m hole in its finances.

Australian wine exports buoyed by ending of Chinese tariffs

Australian wine exports showed an impressive 34% increase in value to $2.5bn (AUD) with volume up to 649m litres for 2024, according to Wine Australia’s export report.

Strategic evolution: what's next for Australia's big brands?

EU wine exports to Chinese mainland in major decline says new report

Eurostat, a Directorate-General of the European Commission, has released its preliminary figures on wine exports from eight European producing countries.

China slowdown and US challenges weigh on Pernod Ricard

Pernod Ricard, the world’s second-largest spirits group, reported revenue slump of 8.5% to €2.783 billion and a 5.9% organic decline for the first quarter of fiscal year 2025, as a challenging macroeconomic environment in China and ongoing inventory adjustments in the US contributed to an underwhelming performance.

Unusual Suspects: Friends from the east

With a few importers now taking the plunge, Andrew Catchpole assesses the potential for Chinese wine in the UK.

US imposes anti-dumping duties on glass wine bottles

The US Department of Commerce (DOC) has announced preliminary anti-dumping duties on glass wine bottles from China, Chile and Mexico, with some duties reaching as high as 218.15%. 

Australian wine exports reach $2.2 billion

Australian wine exports increased by 17% to AU$2.2bn in 2023-24, the highest since September 2021, while volume remained steady at 619 million litres, according to Wine Australia’s Export Report.

Five minutes with Arthur Ng, Vinum Eurus

Andrew Catchpole meets a boutique importer of high-quality Chinese wines which could change perception of this country’s winemaking abilities.

‘Moderate recovery’ predicted for global alcohol market in 2025

Following a decline in global beverage alcohol sales in 2023 and tough trading conditions so far in 2024, IWSR has predicted a gradual recovery from 2025.

Accolade Wines eyes deal with Pernod Ricard

Accolade Wines is currently in negotiations with Pernod Ricard regarding the sale of some of its assets, Harpers has learned.

China to recognise Burgundy AOCs

Burgundy has taken its first step on the road to gaining protection for its appellations in China, with recognition now officially in place for two of its top AOCs.

End in sight for Chinese import tariffs on Australian wine

The Chinese government has hinted at the imminent removal of punitive tariffs for the import of Australian wine which have cost the Australian wine industry around $1bn a year since 2020.

China launches anti-dumping investigation into brandy

China has launched an anti-dumping investigation into brandy imported from the European Union, chiefly France.

Rathfinny consolidates Asia Pacific foothold

Rathfinny Estate has announced a new partnership with leading Japanese importer Vin Passion, extending the producer’s reach in the Asia-Pacific region.

Is India the next China?

India has emerged as a key volume driver for beverage alcohol, whilst China's growth has softened according to the latest IWSR analysis.

Sparkling wine resilient as global market faces overall decline

OIV director general Pau Roca Blasco has presented an overview of the global wine market in 2022, delivered at the 44^th World Congress of Vine and Wine taking place in Cadiz this week.

China to fast evolve beyond ‘safe’ Bordeaux blends

China’s burgeoning wine industry is set for its next phase of evolution, with dozens of ‘new’ varieties in the offing, according to Christelle Chene, international affairs director at Xige Estate.

Displaced Chinese exports look for new home at ATT

A slew of Australian producers which have been forced to reorient themselves following China’s government-imposed trade tariffs were on show at Australia Trade Tasting (ATT) on Thursday, where a renewed ‘buyer-only’ mentality aimed to find new homes for wineries left with major holes in distribution.

Pernod Ricard celebrates record breaking sales in first half of fiscal year

Multinational Pernod Ricard has posted record turnover from sales during the first half of the fiscal year (beginning July 2021), earning global revenues of €5,959m, with an organic growth of +17%.