Trends versus cycles in global wine export shares

Abstract

The global wine market has witnessed major changes in recent years. Some of these changes are structural in nature or trend-following, whereas others are cyclical. Recently, new market entrants have increased their exports not only to traditional European markets but to other importing regions as well, whereas Old World producers have experienced declining market shares. However, the evidence examined here suggests that market share data also contain strong cyclical components. Mixed results also occur when the wine export data are disaggregated into products. This paper employs econometric methods to analyse the recent major shifts in world wine market shares and explains whether these are more of a secular trend-setting nature or of a temporary cyclical nature.

The evolution of foreign wine demand in China

“…In fact, results from Muhammad (2011) suggest a growing preference for Australian wine over French wine in the United Kingdom. Labys and Cohen (2006) note that the growth in New World trade relative to Old World trade is fairly consistent across the globe. However, the results of this study suggest that China may be an exception since future imports will likely come from the largest and oldest wine-producing countries, Italy and France.…”

Drinking cheaply: the demand for basic wine in Italy

“…One of the major changes has involved the structure of wine demand (Labys and Cohen 2006;Anderson and Nelgen 2011). In the larger traditional producing and consuming countries, Italy and France, the annual per capita consumption of wine was, until the 1970s, higher than 100 litres (Corsi et al 2004), while, in the last three decades, it has declined to between 50 and 40 litres (OIV 2012).…”

The aroma peculiaritiesof some white wines from autochthonous grapes varieties from western europe and Ukraine

“…Причина такого интереса к аборигенным сортам очевидна: каждая страна пытается сохранять свои традиции и развивать в культуре отличительные особенности. Поэтому автохтонные сорта винограда -это уникальный инструмент терруара для создания неповторимого стиля вина, на который никакая другая страна не сможет претендовать [1,4,5].…”