Rabobank Quarterly Q3 2018 Report
Report summary
Route to the US Consumer
Major changes are occurring today in how wine reaches the US consumer. Changes in technology, business models and market structure are disrupting the market and creating new sets of winners and losers among wholesaleers, retailers and suppliers. Responding quickly to these changes will determine who survives, who thrives, and who fades away.
Global trade reflects 2017 harvest
The tight 2017 harvest meant higher prices, but also a shift in trade flows: In Q1, exports of bulk wine from Australia, South Africa, and the US increased by 21% to 60%; while Argentina, Chile, and Italy saw declines of 20% to 30%.
M&A: Wine distributors closing deals
The number of deals involving wine distributors is growing. Covering new areas, incorporating other products, or achieving economies of scale are major reasons behind these acquisitions. In the last few months, US and German players were particularly active, but dealls for wineries and wine distributors were seen acoss the globe.
Bulk wine prices remain firm
European wine production is expected to show marked improvement over 2017 levels, which should theoretically lead to easing bulk wine prices. However, growing concerns over exceptionally wet weather in France and Spain are keeping an upward pressure on prices...
Read our latest RaboResearch report 'Wine Quarterly Q3 2018: Status Quo Under Pressure in US Route-to-Market”...
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