The global wine trade landscape saw notable shifts in recent weeks, with Bordeaux maintaining its lead, albeit with a slight decline in trade share.
Following Bordeaux, Burgundy and Champagne retained their positions, while the USA experienced a significant increase in trade activity.
Key regions contributing to the secondary market included Bordeaux, California, Champagne, Tuscany, and Piedmont. Despite Bordeaux's marginal dip in trade share, it continued to command over 33% of total trade value. Notably, two Pomerol wines took center stage, showcasing Bordeaux's enduring prominence.
Burgundy, although securing the second spot, observed a decline in trade share, providing an opportunity for Champagne to gain ground, reaching double-digit trade share. The USA emerged as a noteworthy player, witnessing a remarkable surge in trade, fueled by the popularity of Californian wines.
Tuscany and Piedmont also saw modest increases in trade share, indicating sustained demand for Italian wines. Conversely, the Rhone and 'Others' category experienced a slight decrease in trade activity.
Standout performers included Petrus 2020, despite a slight decrease in market price, demonstrating the enduring impact of critical acclaim. Priced at GBP 36,524 (EUR 42,778) per case, it remained highly sought-after. Napa Valley wines like Opus One 2018 and Harlan Estate 2016 further bolstered the USA's trade share, with Opus One 2018 re-released on La Place de Bordeaux for GBP 3,300 (EUR 3,865) per case.
Château Les Carmes Haut-Brion 2021 led weekly trade by volume, underscoring Bordeaux's ongoing significance. Notable mentions included Dom Pérignon 2013, a perennial favorite, and Italian treasures like Azienda Agricola Salvioni La Cerbaiola 2012 and Vietti Barolo Castiglione 2019. Unfortunately, prices for Harlan Estate 2016, Azienda Agricola Salvioni La Cerbaiola 2012, and Vietti Barolo Castiglione 2019 were not specified.
These trends offer insights into evolving consumer preferences and market dynamics. While Bordeaux remains a dominant force, emerging regions like the USA and Champagne are gaining traction. With each trade, the global wine market reveals its diverse and dynamic nature, promising exciting opportunities for enthusiasts and investors alike.
Source: Liv-ex