Global issues fail to dampen thirst for Champagne, with sales up in 2022
Champagne: the outlook for 2023 is cautious.
Weak economic growth, inflation, wars and climate crisis cannot affect the popularity of Champagne, which remains the number one luxury drink: a rise of 1.6 per cent to 326 million bottles sold worldwide. This was announced by Comité Champagne, an umbrella group representing the winegrowers and houses of the region, with a turnover for sales in excess of €6 billion worldwide.
France, of all countries, recorded a slight decline in sales of 1.7 per cent to 138.4 million bottles. Meanwhile, exports grew by 4.3 per cent, the export share of Champagne having risen from 45 per cent to more than 57 per cent within the last ten years.
Comité Champagne also points out that the sunny 2022 harvest was remarkable in quantity and quality, helping replenish stocks to meet market demand. Given the global geopolitical and economic circumstances, the outlook for 2023 is cautious, but Champagne winemakers and houses are confident, it added.