U.S. Wine Exports in 2014 Second Highest on Record

In a 2/25/15 Los Angeles Times article by David Pierson,
(with statistics provided by San Francisco based California Wine Institute) it has been reported that exports of US wine in 2014 were the second most valuable on record, reaching $1.49B in revenue, with approximately 90% of US wine exports from California.

The volume of wine exports rose to 116.9 million gallons in 2014, up from 115 million in 2013 when wine export revenue reached $1.55B.

The EU was the largest buyer of US wine ($517m), followed by Canada ($487m), then Japan ($88m). Wine exports grew in Asian markets: South Korea, Vietnam, Singapore and Taiwan. However, China sales fell 7.6% to $71m (fourth biggest export market for US wine) due to a corruption crackdown and austerity campaign launched by Chinese President Xi Jinping. Exports to Hong Kong (fifth biggest market) fell by 10.7% to $69m.

The value of US wine exports has more than doubled in the last decade and has risen 64% since 2009, while only approximately 1/10th of the wine produced in the US is exported. Wine export revenues have grown from 2004 ($809m) to 2014 ($1.49B), while the volume has actually decreased in gallons of wine exported (2004: 121.9m vs. 2014: 116.9m)

Robert Koch President and CEO of the Wine Institute said: “With three back-to-back California vintages heralded for their high quality and size, we have the ability to meet consumer demand for our wines both in the US and abroad… CONSUMERS WORLDWIDE ARE ATTRACTED TO ALL THINGS CALIFORNIA”.

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