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Champagne Will Not Regain Lost Ground Until 2018 Says Research

By September 30, 2014Top News

Champagne GrapesThe champagne market will only recover to around the level of its 2011 record high in 2018, on the back of a recovery in its main European markets such as the UK, Germany and Belgium, and growth outside Europe, a new just-drinks report has forecast. Total champagne shipments reached a record high of 323m bottles in 2011, but have declined for the past two years, registering a drop of 1.2% in 2013 to reach 305m bottles. However, the report forecasts a slow, steady recovery over the next four years, with shipments expected to reach 322m bottles by 2018. Recent years have seen significant growth in the U.S., Australia, Hong Kong and Mexico, accounting for 20% of global shipments, versus 14% a decade ago.

 

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