The Liv-ex May Market Report 2025 outlining that total trade value fell 30.1% in April compared to March. While, to some degree, this can be attributed to the perennial combination of Bordeaux En Primeur tasting week and the Easter break, the long-awaited announcement of US tariffs on April 2nd also played a major role.
The topics covered in the Liv-ex May Market Report 2025:
The fine wine market in April
- The introduction of tariffs, combined with much of the trade heading to Bordeaux for En Primeur tastings and the Easter break, resulted in sharp falls across each major index
April market activity
- Total trade value fell 30.2% month-on-month, driven by a reduction in trade count, volumes and average transaction value
Recent US market activity
- With a reduction in tariffs on EU imports to 10% until July, April saw US bid exposure tick back up. We give an update on the current situation
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Liv-ex members represent the largest pool of professional fine wine traders in the world and are estimated to account for 90% of fine wine turnover globally. There are currently over 600 Liv-ex members across 47 countries, that range from start-ups to centuries-old established merchants.
