Fine Wines/Champagne and Spirits

Fine wines/champagne and spirits continued to see current value growth in all categories in 2019. Whilst growth was moderate for the largest category, fine wines, particularly fine champagne, it was more dynamic in luxury spirits, especially other ...

Similar to make-up products and small leather goods, fine wines/champagne and spirits allow consumer in South Korea to indulge in a small luxury. Many consumers also purchase fine wines to become part of their overall wine collections at home. ...

The rising number of luxury hotels in Malaysia is in turn boosting the number of fine dining outlets, which are largely associated with pairing different foods with fine wines/champagne and spirits. In addition, sales of fine wines/champagne and ...

In 2017 there was a proposal to ban the sale of alcoholic drinks in Indonesia, but this was rejected by parliament. The government recognises the importance of tourism to the future of the Indonesian economy and the banning of alcoholic drinks would ...

Argentina’s complicated economic context has placed limits on the extent to which the local population can afford to purchase fine wines/champagne and spirits. Thus, promotion has become a key factor in maintaining sales in the category, with reduced...

October 2019 saw the Japanese Government finally introduce a long-delayed rise in VAT, which increased the rate of consumption tax on alcoholic drinks from 8% to 10%, while the rate for food and non-alcoholic drinks remained the same. The tax ...

Sales of fine wines/champagne and spirits continued to register healthy growth in 2019. A combination of a good economic environment and increased education is boosting sales of more expensive alcoholic drinks in the Netherlands. In the case of fine ...

The fine wines/Champagne and spirits category saw an improved performance in 2019, with fine Champagne and luxury whiskies showing particularly healthy growth. The Philippines is encouraging foreign players by implementing various tasting events to ...

Despite performing well in 2019, fine wines/champagne and spirits in Turkey continued to be impacted by government policies, with high excise taxes hampering what could be, an even stronger performance. Turkey usually increases prices on alcoholic ...

Contrary to the performance of alcoholic drinks for mass consumers in Poland, fine wines/champagne and spirits recorded stable demand in Poland in 2019. This was not only supported by rising affluence in the country but also greater awareness amongst...

Like other categories in the luxury goods market, fine wines/Champagne and spirits saw negative growth in 2019 as a result of the extended period of social unrest; however, the downturn was less marked than in other categories. Increasing demand for ...

Despite on-going threats of a trade war and global economic uncertainty, the outlook for luxury overall remains optimistic. This report looks at key trends shaping the landscape with emphasis on sustainability, the impact of digital and technological...

Fine wines/champagne and spirits continued to see current value growth in 2019. Value sales benefited from consumers opting for better-quality alcoholic drinks in Italy. Other fine wine was the biggest category in terms of value sales. The main ...

The United Arab Emirates is a popular holiday destination and commerce centre, with the number of international visitors continuing to rise, thus contributing to growth within fine wines/champagne and spirits. However, the fact that consumers tend to...

The shifting business environment is set to be a key influence on the development of fine wines/champagne and spirits during the forecast period. A reduction in the number of business dinners and face-to-face meetings, particularly with foreign ...

Fine wines/champagne and spirits in Romania evolved over the review period, offering in 2018 almost any product or brand that a consumer could demand. Romania has the same consumer habits as any European market. In 2017 and 2018, vodka was the “star”...

In 2017, the government devised a new tax structure for alcoholic drinks and tobacco, officially called the Excise Tax Act BE 2560 (2017). The revision of tax hikes aims to provide efficiency in tax collection by basing calculations on retail price, ...

Fine wines/champagne and spirits recorded a better performance in 2018 than in the previous year, and consolidated the satisfactory pace of growth seen over the last years of the review period. Current value sales increased despite the continuous ...

South Africa has a well-established wine culture among its locals. The country hosts many wine festivals, which attract local and international attention. Local consumers, being wine connoisseurs, have developed more sophisticated tastes and ...

Premiumisation continued to be a key driver of growth in fine wines/champagne and spirits in 2018. It has increasingly been recognised that consumers are likely to try a more premium, high-priced alcoholic drink over a cheap one for a variety of ...