Click to be added!Wine business news ping.
Posted on 04/06/2005 9:27:32 PM PDT by quantim
California wineries shipped a record 428 million gallons of wine to U.S. customers in 2004, a 3 percent increase over the previous year, according to wine industry consultant Jon Fredrikson of Woodside in the Gomberg-Fredrikson Report released Tuesday by the Wine Institute, the industry's lobbying group.
The retail value of California wine shipped to the United States was $15 billion last year, the institute said. California winery shipments to all markets both at home in the United States and abroad reached 522 million gallons in 2004 for a 6 percent increase.
"It's been a good year for many California producers," said Robert Koch, institute president and CEO, in a written statement.
Other developments impacting the marketplace are the continued availability of what the industry terms "extreme-value" wines rolling out across the country. The category, retailing for $1.99 in California and $2.99 in other states for a bottle, was made possible from the excess inventories created by the large harvests of several years ago. Extreme-value wines made up 12 percent of California table wine shipments to the California home market in 2004, according to the report.
Interest in more-expensive premium wines continued to fuel most of the sales growth in 2004, the institute said. California wines $7 and more for a bottle accounted for 32 percent of the volume, yet 64 percent of the revenues. New brands, new packaging, an improved U.S. economy and a favorable dollar exchange rate helped this segment thrive. Sales of everyday wines priced up to $7 were flat, representing 68 percent of the cases and 36 percent of the revenue.
Wine sales in the United States from all production sources -- California, other states and foreign producers -- grew 4 percent to 668 million gallons in 2004. The estimated retail value of wine shipments to the United States is $23.2 billion. Of the total, table wine amounted to 590.5 million gallons; dessert wine was 47.5 million gallons; champagne and sparkling wine, 30 million gallons. California wines account for a 64 percent share of the U.S. wine market or about two of every three bottles sold in the United States.
I'm kind of a beer guy, but recently I've had some really good kalifornia red wine with great steaks.
Yup... less people buying French piss.
Click to be added!Wine business news ping.
"Take that, France."
I was thinking the same thing LOL.
Yep, (hic!) that's true. Anything to support the French boycott, I always sez....
L
Yummmm...Charles Shaw at Trader Joes; $1.99.
That's cheaper than my ol' standby, a forty of MadDog 20/20... might have to snoop around next time I go shopping...
California is better than France in a relative sense. Texas has a growing wine industry. The vodak is pretty good too!
What about the heady nuance of Thunderbird? What about the plummy undertones of Night Train?
Good news!
I had a landlord who would drink T-Bird and tea. It was actually good!
T-bird and Tea! That must have been an interesting combination.
[Other developments impacting the marketplace are the continued availability of what the industry terms "extreme-value" wines rolling out across the country.]
Is that the wine that comes in a box?
Holy crap! You've invented a new tongue twister!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.