BUSINESS
Champagne celebrates record sales
January 19, 2023 - Champagne sales boomed over the past year to €6 billion and are well ahead of pre-pandemic levels. Exports continued to rise, accounting for 57.5% of sales, up from 42% in 2010.
Related Graphics
View More
iPhone sales slump despite booming smartphone market
Oil could reach $100 a barrel for first time in years
Titanic “door” prop sells for $718,750
Baltimore port closure will hit supply chains hard
India’s wealth gap widens
British luxury cars are still being imported by Russia
Apple forced to reduce app commission under EU law
United States to target TikTok with new legislation
Bitcoin hits record high of more than $69,000
The most popular box office draws over the years
Huawei outsells the iPhone in China
Movie memorabilia auction to sell second C-3PO head
AI boom quadruples Nvidia value in just one year
WTO reforms plagued by obstacles
China’s homegrown passenger jet
Xbox to test four exclusive games on rival consoles
Bitcoin bounces back after scandals and crash
China’s Belt and Road loans
Netflix posts best subscriber growth since pandemic
China’s population decline accelerates
Apple is now the world’s biggest phone manufacturer
Increase in extreme wealth
Netflix cuts production in quality not quantity drive
Blue economy under threat
Mutual fund cuts X/Twitter value by 72%
India-Russia oil imports at lowest level for a year
How large would a “Warner-Paramount” merger be?
SpaceX leads the field in commercial space flight
China’s deepening housing crisis hits middle class
Developing world drowning in $3.5 trillion of debt
Comité Champagne said the increase in revenue -- up from €5.5 billion in 2021 -- was thanks to the waning Covid pandemic and having moved further up-market with pricier vintage Champagnes.
“It naturally accompanied consumers throughout the world as they rejoiced at the end of lockdowns and found the taste again for celebrating, going out, travelling,” said David Chatillon, co-president of the Comité Champagne.
Sales had fallen to 245 million bottles in 2020 at the height of the pandemic lockdowns.
Exports continued to rise, climbing 4.3% by volume to 187.5 million bottles. The loss of exports to Russia had little impact as the market represented under two million bottles per year.
The United States and the UK are leading the way in importing champagne, with 34.1 and 29.9 million bottles, respectively, with a combined value of €1.3 billion.