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Strong demand from China boosts German wine exports in 2023

finance.yahoo.com by 13/06/2024  

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A wine bottle with the new label (R) and one with the old label is shown between vines at the Viktoriapark on Kreuzberg. Exports of German wines rose 9% on the year in the first quarter to €92 million ($99 million) partly on the back of strong

Exports of German wines rose 9% on the year in the first quarter to €92 million ($99 million) partly on the back of strong demand from China, the German Wine Institute reported on Thursday.

The increase measured by quantity also came in at 9%, with 283,000 hectolitres of German wine being sold abroad.

Exports to China rose 47% by value to €5.4 million and 49% by quantity to 10,000 hectolitres. Double-digit increases were also recorded for Denmark, Japan, the Netherlands and Poland.

Turnover over the whole of 2023 rose by 4% to €384 million compared with the previous year, largely as a result of price increases.

Between April 2023 and March 2024, winemakers were receiving €3.35 per litre, up 13 cents on the previous 12-month period.


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