May 13, 2014
PARIS: The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption falls in the country widely seen as the drink's natural home.
US became the world's biggest wine market last year, beating France into second place for the first time.
May 13, 2014
PARIS: The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption falls in the country widely seen as the drink's natural home.
US became the world's biggest wine market last year, beating France into second place for the first time.
US consumers bought 29.1 million hectoliters of wine in 2013, a rise of 0.5 per cent on 2012, while French consumption fell nearly 7 per cent to 28.1 million hectoliters, the International Vine and Wine organization OIV said on Tuesday.
US drinkers are likely still way behind in terms of consumption per head. According to per capita figures that date from 2011, the average French person still gets through almost 1.2 bottles a week, about six times more than the average American, but trends are still diverging.
"In countries such as France, Italy and Spain, people used to drink a lot of wine, but consumption habits are changing," OIV director general Jean-Marie Aurand said on the sidelines of a news conference in Paris.
"Meanwhile US consumers tend to appreciate wine more and more and their population is larger," he added.
France, the world's third largest wine producer behind Italy and Spain but the top exporter in value at 7.8 billion euros ($10.7 billion), saw its consumption per capita fall more than 20 per cent between 2002 and 2011 to 46.4 litres per year, he said.
Over the same period US consumers raised their consumption by nearly 17 per cent to 9.1 litres per person per year.
Overall, world wine consumption last year fell by 1 per cent to 239 million hectolitres, the OIV said. Output in the same period rose 9.4 per cent to 279 million hectolitres helped by record output in Spain, Chile, South Africa and New Zealand.
Courtesy: Reuters
