Sherry sales have all but collapsed in the category’s top five markets over the last decade, with global exports nearly halving since 2002, new graphs show.
From a small base of just 5%, the global proportion of wine sales carried out online is expected to rise considerably in the coming years, led by Britain and China.
SAB Miller is the latest drinks company to report a slump in China, as the downturn starts affecting beer rather than just spirits.
Drinks giant Pernod Ricard today revealed a double-digit decline in net profit in its full-year results fuelled by a 23% drop in sales in China.
Slowed growth in China has hit Pernod Ricard as the company reported a slight sales decline for the first quarter of 2013/14.
Beer sales in the UK have fallen in the second quarter of 2013, according to the British Beer & Pub Association (BBPA), although many brewers have seen a recent hot weather boost.
Doom Bar beer from Sharp’s Brewery has become the number one cask beer in the UK, in both volume and value according to data from CGA Strategy.
Beer sales in Germany have mirrored the slump in the UK, after falling to a 20-year low following a “long cold winter” which slowed consumption.
UK beer sales in pubs were down almost 50 million pints in the first quarter of 2013, according to new figures released by the British Beer & Pub Association.
French drinks company Pernod Ricard has reported a 2.4% sales increase in the third quarter of its 2012/13 financial year.
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