Alcohol sales
Whilst the pandemic hit hard the wine industry, affecting both the local sales and exportations, the situation seems to be back on track with Champagne sales for 2021 planned to be higher than 2019.
The commercial relation between China and Australia resemble a love story: both countries have a strong affinity together, but they can't help having casual disagreements. The lastest plot deals with Chinese tariffs and their consequences on Australian vineyard.
Many studies predicted it, alcohol sales during the pandemic took a serious hit: a drop of 6% according to the drinks business. However Champagne held a bit better than still wines.
Following the path of the whole wine industry, Champagne got heavily impacted by the Covid-19 pandemic. Howerver, it seems that the world's most famous sparkling wine is bouncing back.
The OIV gave a live-streamed press conference on October 27, presenting the anticipated wine production for 2020. The numbers are quite concerning as it appears that wine production will decrease a second year in a row. It shall be remembered that 2018 was a particularly abundant year for wine growers.
The Covid-19 pandemic has a direct impact on alcohol sales around the world. Even the most famous one can't go through the crisis unaffected.
There are still a lot of studies and expectations regarding the consequences of Brexit on the wine sector. This is particulary true for wine trade. IWSR offers to study 6 ways the wine trade could be affected by Brexit.
South Africa confirmed its decision of a temporary ban on alcohol and tobacco "throughout the lockdown period" says the Government.
Earlier this year South Africa, among other countries, decided to ban alcohol sales to prevent people to spread the Covid-19 virus. President Cyril Ramaphosa stated that the peak of infection is ahead and that this measure in necessary to save lives.
According to a IWSR analysis, wine sales are likely to drop by up to 13.6% worldwide during 2020. It would also appear that the recovery for the wine sector could take longer than the beer and spirit business.
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