Latest news with #AustrianWine
Daily Mail
2 days ago
- Business
- Daily Mail
Our wine expert reveals the best bottles of Grüner Veltliner under £15
Grüner Veltliner – Austria's flagship white – is popping up in more shops than ever, and I'm here for it. For me, it combines the fruit and texture of Chardonnay, with a touch of that green snap you get from Sauvignon Blanc. It's brilliant with everything from salads to fish, poultry and dishes with a little spice. Taste the Difference Grüner Veltliner Traisental 2023 (12.5%), £11, Sainsbury's. For Sauvy B fans who enjoy a little kick – this crisp style boasts apple and grapefruit, finishing with an aromatic tingle. Perfect with crunchy veg or zesty starters. £11.00 Shop M&S Classics No30 Grüner Veltliner Vom Löss 2024 (12.5%), £10, Made from vines up to 35 years old, this lively Grüner combines zesty lemon and stony minerality, with a floral lift – ideal as an apéritif. £10.00 Shop No.1 Grüner Veltliner 2024 (12%), £12, Waitrose. This brisk Grüner brings yellow plum, citrus zest and a peppery snap – sharp enough for salads, easy enough for casual sipping. £12.00 Shop
Yahoo
01-04-2025
- Business
- Yahoo
Austria wine exports decline in 2024 amid global market challenges
Austrian wine exports declined both in terms of value and volume in 2024 due to the 'difficult market situation around the world', the country's industry association said. According to data from Statistics Austria, cited by the industry group, the country's total export value dropped by 6% to €233.3m ($252.4m), while export volume fell by 1.7% to 64.2 million litres. Austrian Wine Marketing Board (Austrian Wine) CEO Chris Yorke said in a statement: 'All wine-producing countries are facing major challenges at the moment: costs that have risen sharply, reduced purchasing propensity and changes in consumers' drinking habits around the world, to name just a few. 'On top of that, the economic situation worldwide is extremely volatile at the moment, making it difficult to come up with long-term sales strategies.' A report from the Austrian Wine Marketing Board (ÖWM) in January projected that Austria's wine exports for 2024 would decline from the record levels reached in 2023. Austria's wine exports, which had grown by 62.7% or nearly €90m since their last decline in 2015, have experienced their first downturn in eight years, the report said. Austria experienced a general decline in bottled wine exports, with volume falling by 5.1% and in value by 6.3%. Bottled red wines were 'particularly impacted', registering a 12.5% drop in volume and a 14.4% decline in value. In contrast, bulk wine exports rose by 16.1% in volume but at a lower price, leading to a 1.4% decline in total bulk wine export value, the figures showed. Germany continued to be Austria's largest export market, accounting for 60.2% of total wine exports and 42.3% of export value. However, the value of exports to Germany fell by 13.6% to €98.8m, despite remaining higher than the 2022 figure of €94.5m. Export volume dropped by 4.4%. Yorke added: 'In 2023, our wine exports came within a hair's breadth of reaching a quarter of a billion at €248m. 'The main driver for this was exceptionally high exports of bottled wine to our main export market, Germany. Since a higher volume of cheaper wine in bulk was sold to Germany again last year, we soon realised that we were not going to be able to match the exceptionally high export value achieved in 2023. The global economic situation as a whole is just too volatile for that at the moment.' Switzerland, previously Austria's second-largest export market, saw 'painful losses', with export volume down by 33.1% and value falling by 18.2%. A general decrease in Swiss wine imports, particularly red wines, contributed to these figures. Meanwhile, the US overtook Switzerland as Austria's second-largest wine export destination, accounting for 8.5% of the total export value. Exports to the US increased by 6.5% in volume and 6.2% in value after a dip in 2023. Canada saw an increase in Austrian wine imports, with volume rising by 15.1% and value by 12.1%. Exports to the Nordic "monopoly markets", which include Norway, Sweden, and Finland, increased by 1.9% in both volume and value, according to Statistics Austria. Export volumes to the Czech Republic 'jumped' by 80.1%, while value climbed by 58.1%, positioning the country just behind Denmark in Austria's ranking of key wine export destinations. "Austria wine exports decline in 2024 amid global market challenges" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
