China and Russia boos worldwide wine consumption

Friday, 23. January 2009 | 16:00 Uhr | A.WIRTZFELD | WINE TRADE
Reference: AFP | Translator: C.SIEGEL
Experts expect further increase in the international wine market

FRANKREICH (Paris) - Since more and more people drink wine in China and Russia, according to experts, wine consumption is going to increase even further in the next years. According to the director of the French wine fair Vinexpo, Robert Beynat, the economic crisis would only slightly affect the wine market. Between 2003 and 2007 the market had seen an increase by 6 percent and now one could expect a similar increase for the years 2008 until 2012. This is said to be especially thanks to Russia and China: the consumption in these countries went up by an unbelievable 24.4 or rather 36.6 percent.

According to Beynats estimates, in four years not Italy will have most wine consumption worldwide, but rather the United States. It is likely that more than 3.8 bn bottles of wine will be drunk a year. It was only two years ago that Italy was number one worldwide in comparison to France where -until then- most wine had been consumed. However, consumption in France has been decreasing for years.

According to French experts, there will also be an increase in wine growing, namely by more than 4 percent. Thus, wine cellars produce more than 35 bn bottles of wine within four years. Vinexpo director Beynat's estimates refer to 28 wine growing countries and 114 consumer markets. (aw.yoopress)

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