Talking Trade 2nd of March: Pavie leads trade; US and Asian buyers increase market share
Bordeaux extended its lead of the market, claiming a 41% share of traded value. The 2020 vintage claimed the top position by both value and…
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- Bordeaux extended its lead of the market, thanks largely to trades of recent vintage Chateau Pavie. Burgundy and Tuscany followed in second and third place.
- Alongside Pavie 2020, 2019 and 2017, Ornellaia 2022 and Chateau La Mission Haut-Brion 2016 featured amongst the top five wines by traded value.
- With Asian buyers returning to their desks following Lunar New Year and US buyers’ share creeping back up, both UK and EU buyers’ share fell.
Bordeaux extended its lead of the market, claiming a 41% share of traded value. The 2020 vintage claimed the top position by both value and volume, followed by the 2019 and 2016 vintages. Pavie, La Mission Haut-Brion and Cos d’Estournel were the top-traded producers, First Growths taking a back seat this week.
Burgundy’s share fell from 27.4% last week to 18.2% this week. Armand Rousseau pulled ahead of Domaine de la Romanee-Conti as the region’s top-traded producer, thanks largely to US buyers.
Champagne’s share fell to 7.6%. While the 2013 and 2008 vintages traded most frequently and in the highest volumes, this week also saw trades of higher value, mature wines such as the 1998 vintage of both Dom Perignon P2 and Krug.
Tuscany’s share rose slightly from 12.2% to 13.2%. Ornellaia was by far the top-traded wine, claiming just over 40% of the region’s traded value. Fuligni Brunello di Montalcino joined Bolgheri’s heavy hitters amongst the top five.
The US’s share rose from 5.3% to 7.4%. Promontory was the top-traded wine by value, UK buyers accounting for around two thirds of purchasing and US buyers the remaining third.
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