With a flourishing business environment, the country has become an interesting market in which more and more people are leaning towards wine, especially in big cities like Bogotá or Medellín.
WineSur made a ranking including the Argentine wines with the best performance in the first quarter of the year, compared with 2012. Get to know them and see their evolution below.
Of the four most exported varieties by Argentina, only Malbec and Cabernet Sauvignon had a good performance in terms of value, whereas Torrontés and Chardonnay still present negative results.
United States, Canada, United Kingdom and Brazil concentrate 65% of the share of the Argentine exports to the foreign market. All of them had a good performance during the January-February period of 2012 vs. 2013. See all the infographics below.
Moreover, an important data is that after a slight stagnation between 2011 and 2012, the share of Argentine wines went up again in their main market, United States. This is clear from the International Trade Center in regard to bottled wine imports.
Beyond the crisis of the countries of this continent, there are positive prospect for wine. Although the export volume has suffered a slight fall, the value and average price are on the up.
Although the industry forecasts a good year, the price per ton will not be so different from 2012. This is mainly due to the rise in production of its major competitor, “concentrated apple juice from China”.