Looking at the latest wine trade data, it's clear that Burgundy, Bordeaux and Champagne are still leading the pack when it comes to volume traded.
However, other regions are starting to make their presence felt, with more wines being traded overall in 2022 than in 2021.
This is a positive sign for the market as a whole, and suggests that we can expect even more diversity in wine offerings in the years to come.
Number of big three wines increasing
In wine terms, the big three normally refers to Burgundy, Bordeaux and Champagne as these are the regions that have historically dominated the secondary market.
While this is still true, the number of wines from these areas being traded has increased, broadening the market. Burgundy leads the number of wines traded, with 3,492 unique wines – a 5.3% increase on the same period last year. Champagne has also seen substantial increases, with 18.2% more wines being traded in 2022.
Less well-known regions starting to increase their share
While the big three continue to lead the way in terms of wine trading, it is worth noting that some less well-known regions are starting to make their presence felt on the secondary market.
The first recorded trade of a Greek wine on the secondary market happened in 2022, with Gaia’s Assyrtiko Wild Ferment 2020 fetching £346 per 12×75. This was followed by the first recorded trade of an Israeli wine, with the Recanati Special Reserve Cabernet Sauvignon 2018 trading for £420 per 12×75.
In addition, the number of Hungarian wines traded on the secondary market has more than doubled in 2022, with the region’s total number of unique wines traded reaching 18.
While it is still early days for these regions, the fact that they are starting to gain traction on the secondary market is a positive sign for the future of wine diversity.
Most establish regions, such as Germany and Australia, are also seeing increases in the number of wines traded on the secondary market. This is likely due to continued interest from investors and collectors in these well-known regions.
Overall, the trend towards increased diversity in the secondary market is a positive sign for the future of the wine industry. As more and more regions gain recognition and popularity among collectors, we can expect to see the secondary market continue to grow and evolve.
