This week, the Louis Roederer Cristal 2013 led the pack in terms of weekly trade volume. The champagne was traded more than any other wine this week, with its market share rising from 11.1% to 20.6%.
Three of the top five most traded wines came from the Champagne region, and the 2013 and 2008 vintages were the most in-demand. Tuscany, Piedmont, Burgundy and wines from the USA also increased their weekly share.
Italian wines also surge
This week saw a surge in popularity for Italian wines, with the region’s market share increasing from 12.0% to 19.0%. This is largely due to increased demand for Tuscan and Piedmontese wines.
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Siepi, Colore, and Petrolo Galatrona were the most traded Tuscan wines this week, while Gaja, Barbaresco, and Bruno Giacosa saw the biggest increases in Piedmont.
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Burgundy on the rise
Burgundy also had a good week, with its market share rising to 26.1% The region was boosted by increased demand for the 2017 and 2019 vintages.
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The most traded wines from Burgundy this week were Domaine de la Romanée-Conti, Leroy, and Rousseau.
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Bordeaux demand drops
Bordeaux’s weekly share dropped from 49.8% to 26.9% as trading activity for the region’s wines slowed down. The 2018 vintage was the most traded, followed by the 2016 and 2017 vintages.
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The top three Bordeaux wines traded this week were Château Margaux, Latour, and Mouton Rothschild.
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Bordeaux’s dominant position over the last few weeks had many speculating that the region was due for a correction, and it looks like that correction has finally arrived. It will be interesting to see how Burgundy fares in the coming weeks as trading activity for the region’s wines continues to increase.
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Screaming Eagle drives USA wine
Finally, the USA saw its market share increase to 15.0%, thanks to strong demand for Californian wines. The top three traded wines from the region were Screaming Eagle, Harlan Estate, and DRC. It will be interesting to see if the USA can maintain this momentum in the weeks to come.
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That’s all for this week’s report. Check back next week for more market insights!
Cheers!
