In a startling turn of events, Burgundy’s trade share has hit an all-time high. This comes as a surprise to many, as the region has been struggling with falling exports in recent years.
But it would seem that the hard work of the winemakers and traders in Burgundy has finally paid off. Let’s take a closer look at what has led to this success.
Burgundy’s new record high
The trade share for Burgundy wines in June hit a new record high of 38.3% of the French regional trade share by value, beating Bordeaux’s 34.1%. This is according to the latest figures from the French customs office, released this week. The previous high for Burgundy was 37.64% in June 2018.
This new high is a significant increase on the May share of 27.1% and is due to a combination of factors.
Firstly, the overall value of wine exports from France has increased by 12% in the first half of this year compared to the same.
Secondly, Burgundy wines have been benefiting from the continued strong demand from China, which is up 33% by value in the first half of this year.
Thirdly, the region has also been helped by a weaker euro, which makes French wines more competitive in export markets.
Finally, Burgundy’s share of exports by value is also being boosted by the fact that Bordeaux’s shipments are down by 15% so far this year.
period last year.
Bordeaux has been the dominant force in the French wine trade for many years, but it seems that Burgundy is finally starting to catch up. The region has a number of factors working in its favor at the moment. It will be interesting to see if Burgundy can maintain this momentum in the second half of the year.
This is good news for Burgundy producers, who have seen their wines become increasingly popular in recent years. There are a few reasons for this, but the most important one is probably the quality of the wines. Burgundy has always been known for producing high-quality wines, but in recent years, the region has seen a significant uptick in popularity. This is due to a number of factors, including an increase in quality and a decrease in production. As a result, Burgundy wines are becoming more and more sought-after, especially by collectors.
If you’re thinking about investing in Burgundy wine, now is a good time to do so. With the region’s popularity at an all-time high, it’s likely that prices will continue to rise.
Top traded Burgundy wines
Maison Leroy Pommard 2009 takes the top spot this month, with a last trade price of £5,465 per 12×75. This is followed by Domaine de la Romanee-Conti Grand Cru, which traded at £218,000 per 12×75.
Prieuré-Roch Chambertin-Clos de Beze Grand Cru 2010 skyrocketed in value this month, with a last trade price of £35,376 per 12×75. This is an incredible increase from the wine’s previous trade price of £17,167 per 12×75.
Finally, Domaine du Comte Liger-Belair La Romanee Saint Vivant Grand Cru 2010 rounds out the top four, with a last trade price of £21,780 per 12×75.
With Burgundy wines trading at an all-time high, it’s no wonder that the region’s trade share has increased significantly. In June 2022, Burgundy accounted for 40% of all traded wine by value on the secondary market. This is up from 35% in May and 30% in April.
It will be interesting to see how Burgundy’s trade share develops over the next few months. Will the region be able to maintain its position as the most traded wine on the secondary market? Or will other regions start to catch up?
Only time will tell.
What does this mean for investors?
With Burgundy wines trading at such high prices, it’s no wonder that the region’s trade share has increased significantly. If you’re thinking of investing in Burgundy wines, now is the time to do it. Prices are only going to go up from here.
Wine investment is a risky business, but if you know what you’re doing, it can be extremely lucrative. If you’re thinking of investing in Burgundy wines, make sure to do your research first and invest wisely.
The best way to do this is to connect with a wine investment expert who can help you make the right decision. We have a team of experts who are passionate about wine and know the market inside out.
If you’re looking to invest in Burgundy wines, get in touch with us today. We would be more than happy to advise you on which wines to buy and when to buy them.