While Cognac exports have risen rapidly in Europe and North America in the three months to the end of July, the unsteadiness of the Asian market remains.
A wine importer specialising in Austrian wines has launched in Hong Kong to establish “strong links” between Austria and the Asia region.
Spirits producers in the EU will “achieve much more” if they follow a new strategy to focus on building exports outside the continent, a market report has claimed.
Last year saw the value of Scotch whisky exports drop by up to 39% in half of its 20 top markets, contributing to an overall 7% decline in 2014.
With Champagne exports seeing a volume rise of 1% in 2014 and turnover at €4.5 billion (£3.44bn) – its second highest ever – the region is celebrating.
The UK, US and Canada remain the top three destinations by volume for Australian wines, according to a recent report.
Scotch whisky has seen a decline in exports worth £220million in lost sales, with some markets receding by nearly 50%.
An agreement by Pacific countries to standardise acceptable limits of chemical residue in wine could mean massive savings for Australian winemakers.
New Zealand is now the number two country of origin for wine sold over £7 in the UK, new figures have shown.
New export figures have revealed that almost a fifth of Scotch whisky exports go to Commonwealth countries.
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