Barcelona Wine Week 2023 will highlight the wealth and diversity of Spanish wine
The forthcoming BBW, which will take place from 6th to 8th February 2023 at Fira de Barcelona’s Montjuic venue, will be attended by around 700 exhibiting companies, 15% more than in 2022, increasing the event’s surface area by 5%. Four months before it’s due to be held, 80% of BWW has been booked, with the participation, among others, of firms such as Protos, Matarromera, Rioja Vega, Recaredo and Freixenet and Designations of Origin (DOs) like Cava, Bierzo and Valderroas.
With more than 60 DOs on display, the fair will promote the plurality and territorial diversity of wine in Spain more than ever before.
Under the slogan Spain, a unique mosaic of soils, BWW 2023 will offer a programme of talks, tastings and food and wine pairings conducted by around a hundred renowned experts, who’ll highlight the great wealth of soils that make up the Spanish winegrowing territory. This geological diversity and the climate make Spain one of the countries with the greatest potential for wine production.
We should highlight the tasting that will bring together four Masters of Wine turned winemakers from different areas of Spain for the first time. These include Norrel Robertson, who’s been producing wines in Calatayud since 2003, Almudena Alberca, the first female Master of Wine in Spain and now a producer in La Rioja, Ribera del Duero and Valdeorras, and Fernando Mora, who owns vineyards in different parts of Aragón. Multi-award-winning sommeliers who have become winemakers will also take part in a joint tasting.
In order to promote the international projection of Spanish wine, the fair intends to invite more than 500 key international buyers with the strategic involvement of ICEX Exportación e Inversiones. These purchasing decision-makers will come from the main importers of Spanish wine, including the United States, Germany, the Netherlands, Canada, the United Kingdom, Denmark, Colombia, Mexico, China, Hong Kong and Poland.
Spain is the world’s leading wine producer and the third largest exporter, according to the data provided by ICEX. In 2021, it exceeded €2,956 million in wine exports and was very close to its record. €3,006 million, reached in 2018.
Another of the major challenges for the sector is increasing domestic demand, which is why BWW 2023 will invite 1,300 key buyers from the domestic market (large-scale retail, wholesalers, specialised distributors, retailers and gourmet stores). A total of more than 8,000 business meetings between the fair’s exhibitors and professional buyers are expected to take place.
The most recent BWW in April 2022 brought together more than 650 exhibiting companies, 60 Spanish Protected Designations of Origin (PDOs) and over 18,000 professional visitors. These included 470 major international buyers from strategic markets, who participated in more than 6,600 business meetings with the exhibiting companies.
(excerpt from a release)
Australian wine exports declined by 1 per cent in volume to 627 million litres and 11 per cent in value to $2.01 billion in the year ended 30 September 2022, according to Wine Australia’s latest Export Report released today.
While the decline is reflective of the tough market conditions over the past two years – including high deposit tariffs on bottled Australian wine imported to mainland China, the impact of the global freight challenges, and the aftermath of changing consumer habits during the COVID-19 pandemic – the figures also reflect that value is starting to stabilise.
Wine Australia Manager, Market Insights Peter Bailey said that the results were mixed in the year ended 30 September 2022, with the increases recorded in some markets offset by declines in others. “As a moving annual total result, the Export Report can demonstrate the performance of Australia’s exports and highlight some growing trends. In this report, we’re seeing the tail end of the decline in exports to mainland China having an impact on the total export figures; this is expected to wash out of the figures by the end of 2022,” Mr Bailey said.
When mainland China is excluded from the data, wine exports to the rest of the world held steady in value, declining by 0.2 per cent to $1.99 billion and increasing by 1 per cent in volume to 622 million litres. There was a decline in exports to the United Kingdom, Hong Kong and Singapore, which is a result of the return to anticipated shipment levels. This decline to the UK has been delayed compared to other markets with similar COVID-19 consumption patterns, such as the United States and Canada. Exports to the North America and Southeast Asia regions are showing growth. In particular, strong growth was recorded in exports to the US, Canada, Malaysia and Thailand. Pleasingly, the growth trend in the US and Canada was driven by both ends of the price spectrum; premium wine exports continued to grow and unpackaged commercial exports increased, as shipments of the record 2021 vintage accelerated following a slower than usual start due to global shipping pressures. Furthermore, the number of exporters to the US is at the highest level since 2008 and of the exporters to the US that ship wine at a value of $10 or more per litre free on board (FOB), 75 per cent experienced growth demonstrating that green shoots continue in the market for premium Australian wine. However, while total exports look to be stabilising, the wine sector can continue to expect market fluctuations, as rising inflation and interest rates may put pressure on margins and curtail consumer spending in key markets. On a positive note, over the past few months, the Australian Dollar has depreciated against the US Dollar, which assists Australian wineries to be more competitive in the US.
Australian wine exporters shipped to 118 destinations during the period, up from 111 the previous year. The strongest growth came from North America, up 6 per cent to $604 million, and Southeast Asia (up 15 per cent to $291 million). However, the large decline to Northeast Asia (down 46 per cent to $321 million, driven by mainland China) and to Europe (down 12 per cent to $621 million, driven by the UK’s return to more normal shipping levels) outweighed the growth to other regions.
The top five markets by value were:
Exports to the US increased by 5 per cent in value to $412 million and 14 per cent in volume to 139 million litres. There are several drivers of the growth. One of which is that the volume of unpackaged wine shipped to the US increased by 53 per cent to 68 million litres during the period. The substantial size of this increase is because the Australian 2021 vintage was the largest on record and the shipments of this vintage had been delayed due to the ongoing global freight challenges. In the past few months, shipments of this vintage have intensified.
Secondly, packaged wine declined by 1 per cent in value to $319 million and 9 per cent in volume to 71 million litres. As volume declined more than value, the average value of packaged wine increased by 9 per cent $4.47 per litre FOB. Driving this increase in average value is the decline of packaged commercial wines (mainly the $2.50 to $4.99 price segment) and an increase in exports above $7.50 per litre FOB, up 32 per cent to $71 million.
Wine exports to Canada increased by 10 per cent in value to $190 million and 26 per cent in volume 62 million litres. The largest driver of the increase in volume was growth in unpackaged wine shipments. The volume of unpackaged shipments increased by 44 per cent to 36 million litres.
The increase in total value of exports to Canada was driven by packaged shipments, especially at the premium end. The value of packaged shipments increased by 11 per cent to $156 million while volume increased by 7 per cent to 26 million litres. Shipments valued at $5 per litre FOB and above grew by 18 per cent in value to $122 million, the highest value for this price segment since 2009.
Exports to the UK decreased by 14 per cent in value to $395 million and 12 per cent in volume to 222 million litres. This decline in wine exports to the UK was expected, if somewhat delayed. There were two factors elevating exports to the UK since 2020. Firstly, the Brexit transition period saw an increase in exports ahead of the 31 December 2020 deadline. Secondly, Australian wine holds the number one position in the off-trade – a category that benefitted greatly from the closure of the on-trade during the COVID-19 pandemic, and now, as the on-trade has opened back up, there is a counter-swing in the demand for Australian wine. While this counter-swing occurred much earlier in the US and Canada, another two markets where Australia has a larger share of the off-trade than on-trade, the shift has been much slower in the UK and exports are only now starting to be affected.
Exports to Northeast Asia declined by 46 per cent in value $321 million and by 31 per cent in volume to 35 million litres. The main contributor to this decline was exports to mainland China (down 92 per cent to $21 million) and exports to Hong Kong (down 21 per cent to $163 million). Exports to Hong Kong are returning to a more normal level after an increase in shipments to the market in 2021. Offsetting some of the declines were exports to Japan and Taiwan, which rose by 18 per cent and 13 per cent respectively. Exports to South Korea dropped by 5 per cent in value to $43 million; the decline took place in exports valued below $7.50 per litre FOB (down 44 per cent), while exports above $7.50 per litre increased by 30 per cent.
Exports to Southeast Asia increased by 15 per cent in value to $291 million and 39 per cent in volume to 24 million litres. Several markets increased in value, including Thailand (up 95 per cent to $53 million) and Malaysia (up 55 per cent to $59 million). This growth was slightly offset by a decline in exports to Singapore, dropping 16 per cent to $132 million; shipments to Singapore are also normalising after an elevated level of shipments in 2021 and 2022.
(Excerpt from a release)
GORDON & MACPHAIL RELEASES RECOLLECTION SERIES FEATURING RARE SINGLE MALTS FROM CLOSED SCOTTISH DISTILLERIES
Gordon & MacPhail is unveiling a collection of exceptionally rare whiskies from closed distilleries across Scotland – a new annual series of single cask releases from its revered liquid library.
The ‘Recollection Series’ features a trove of whiskies from distilleries lost to the mists of time, giving enthusiasts and collectors a unique opportunity to enjoy forgotten masterpieces.
From the Private Collection range, personally selected by members of Gordon & MacPhail’s owning family, come a 1982 from St. Magdalene Distillery (Linlithgow), a 1982 from Glen Mhor Distillery (Inverness), and a 1981 from Lochside Distillery (Montrose). All whiskies are bottled at cask strength and non chill filtered.
The whiskies, each matured in Gordon & MacPhail’s own casks, exemplify Gordon & MacPhail’s patient approach to maturation, guided by the principle that ensuring quality is always the key motivating factor. The releases from St Magdalene, Glen Mhor and Lochside distilleries are available worldwide, with other releases in the series available in select international markets.
Stuart Urquhart, Operations Director at Gordon & MacPhail said: “We’re excited to release a series that revives and celebrates the spirit and character of these closed distilleries from across Scotland. Each remarkable expression is vanishingly rare and captures an unrepeatable moment in Scotland’s rich liquid heritage. Having carefully assessed the progress of each spirit down the decades, we feel now is finally the right moment to reveal these landmark single malts. We hope the annual series will excite single malt enthusiasts keen to try something different, and irreplaceable.”
Gordon & MacPhail Private Collection 1982 from St Magdalene Distillery [RSP £2249.99/ $3499 USD]*
The 39-year-old whisky has been matured in casks #2094 – a refill American hogshead – and will be available worldwide.
Gordon & MacPhail Private Collection 1982 from Glen Mhor Distillery [RSP £2249.99/ $3499 USD]*
The 40-year-old Glen Mhor whisky has been matured in a refill Sherry hogshead and will be available worldwide.
Gordon & MacPhail Private Collection 1981 from Lochside Distillery [RSP £3199.99/ $4999 USD]*
The 40-year-old whisky has been matured in a refill Sherry hogshead and will be available across worldwide markets.
*Prices in international markets may vary due to local taxes and import duties.
(Excerpt from a release)
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