Rabobank Quarterly Q4 2017 Report
Report summary
Focus on Europe
The European wine crop for 2017 appears set to be one of the smallest in decades. Global inventories, which were already tight, will tighten dramatically, with important consequences for the industry. Wineries will face higher input costs and declining volumes. This will likely to be felt most acutely in the lower-price tiers of the European market...according to the latest RaboResearch report “Wine Quarterly Q4 2017: Focus on Europe”.
Global Supply under Pressure
Declining global production and rising prices are likely to affect supply and consumption, in particular at the lower end of the market. This may benefit...
Rising Bulk Prices
With this year's production decimated by frost, heat, drought, and hail, bulk prices for Italian and Spanish wines have been rising significantly since May. This follows increasing prices for Chilean and Argentine wines...
M&A to Remain Dynamic
Industry consolidation continued during the summer, based predominantly in local deals. At the same time, private investors remained attracted to the industry, particularly in Europe. This is still money available and the adverse harvest may eventually result in some investment opportunities...
US Imports Still Rising
US wine imports continue to rise, with value growth (6%) outpacing volume growth (3%). France and New Zealand maintained their strong momentum both in volume and value. For Australian wines, there has been a clear shift from bottled to bulk wines...
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