Fine Wines/Champagne and Spirits

The COVID-19 pandemic provided a considerable boost to fine wine/Champagne and spirits and to retail sales of alcoholic drinks in general, with sales increasing notably in both 2020 and 2021. When it comes to total sales (off-trade plus on-trade),…

Retail volume sales of fine wines/champagne and spirits continued to expand during 2022, albeit at a slightly slower pace than in the previous year. However, retail constant value sales (2022 prices) of fine wines/champagne and spirits declined…

The rate of growth in retail constant value sales (2022 prices) of fine wine/champagne and spirits slowed significantly during 2022, remaining well below its pre-pandemic peak. Growth was supported by the fact that local consumers are increasingly…

Fine wines/Champagne and spirits returned to stronger growth in 2022 following a dip in demand caused by the re-opening of bars and restaurants in 2021 which took some sales away from the retail channel. The end of 2021 also saw shortages of some…

The restrictions on consumers’ lives continued in Japan in 2021, against the backdrop of the fifth and largest wave of the COVID-19 pandemic. Restaurant closures and limited hours of operation led Japanese consumers to drink more at home, which…

The stabilisation of the pandemic in India since the second half of 2021 and into 2022 resulted in restaurants, cafés and pubs experiencing a recovery in footfall. With the government also authorising a relaxation in mobility and allowing these…

Fine wines/champagne and spirits achieved higher current value growth in 2021, as COVID-19 was brought under control. However, moving into 2022, the development of the Omicron variant of the virus, which has spread to many regions across China, will…

In 2022, fine wines/champagne and spirits is set to record a volume decline. This is mainly because restrictions were lifted as COVID-19 variants became less severe and the number of deaths from the virus slowed. Fine wines/champagne and spirits…

Premiumisation has been a key growth driver for fine wines/champagne and spirits during the pandemic, with home seclusion supporting the category’s solid performance. Consumers have been looking to drink less but better-quality alcoholic beverages,…

During 2020, consumers started to recover some social activities. This was especially observed during the end-of-year holidays, a period in which gatherings are traditionally part of Brazilians’ calendars. This is a time when it is common for…

Having plunged by more than half between 2019 and 2021 due to the pandemic, retail constant value sales (2022 prices) of fine wines/champagne and spirits stabilised during 2022. As a result, value sales were particularly hard hit by restrictions on…

In 2022, fine wines/champagne and spirits is set to experience one of its best current value growth rates in comparison with its average performance over the last decade. In terms of actual value progression, however, other fine wine, such as still…

Having declined during both 2020 and 2021, retail constant value sales (2022 prices) of fine wines/champagne and spirits began to recover in 2022. However, the remained below their pre-pandemic peak. During 2020, lockdown measures in Malaysia limited…

The consumption of alcohol increased sharply during the pandemic with consumers looking for ways to relax and unwind from the stress and anxiety created by the COVID-19 crisis. Unable or unwilling to visit foodservice outlets many people switched to…

While the pandemic resulted in some consumers trading down when it comes to alcoholic drinks, as the situation improves in 2022 there has been a clear drive towards fine wines/Champagne and spirits due to a desire for indulgence. Looking to tap into…

The introduction of prohibitions on the sale of alcohol by some local authorities early on in the pandemic, with other regions following suit at later dates, had a negative impact on sales of fine wines/Champagne and spirits during 2020. The states…

2020 proved to be no more than a blip for fine wine/champagne and spirits in Romania. During the review period prior to the onset of the pandemic, there was robust growth in retail volume sales, and while retail volume sales declined in 2020, this…

Both retail volume and retail constant value sales (2022 prices) of fine wines/champagne and spirits continued to expand throughout the review period in spite of the pandemic. Luxury spirits dominate this category, with brandy particularly popular,…

In 2022, Thailand continued to be affected by the COVID-19 crisis, with restrictions aimed at limiting the spread of the SARS-CoV-2 virus still exerting a negative impact on fine wines/champagne and spirits, although the market was slightly more…

Fine wines/champagne and spirits have different value propositions in the city-state. Singapore has a large percentage of expatriates, but this does not necessarily translate into a social drinking culture due to the perceived social ills of alcohol…