Bordeaux trade share declines again whilst Champagne surge continues

Bordeaux continues to maintain its dominant position in terms of trade value, commanding a substantial 32.2% of the total market share. Nevertheless, last week marks a consecutive second-week decline in its trading share. Still, three high value wines were traded and featured in the weeks top traded wines, playing a pivotal role in upholding its market share.

Champagne has witnessed a notable surge in trade share to an impressive 22.5%, almost the final figure for July. The trade last week in this region revolved around the likes of Rare 2014, Bollinger La Grande Annee 2014, both also featured among the week’s most traded wines. Louis Roederer Cristal 2008 also contiues to trade well, although it did not make it into the weekly top traded rankings.

Among all regions, Tuscany stands out with a remarkable upsurge, constituting a substantial 11.8% of the total trade value. Key contributors to this surge include Tignanello 2019, Sassicaia 2020, and Castellare di Castellina Sòdi San Niccolò IGT 2019 and 2018.

The USA and the ‘Others’ category have both gained positive momentum, experiencing boosts to 4.9% and 6.1%, respectively.

In contrast, the Rhône and Piedmont have witnessed minor declines in their trade shares, while Burgundy’s performance has remained consistent without noteworthy fluctuations on a week-on-week basis.