Edibles and beverages - German wine exports increase due to high demand from China.
In the initial three months of 2024, the export market for German wines noticed a remarkable upswing. The quantity and monetary worth of shipped wines amplified by 9% in contrast to the corresponding period last year, as declared by the German Wine Institute at Bodenheim on a Thursday. Consequently, approximately 283,000 hectoliters were sold internationally and over 92 million euros were earned.
Among the nations, China exhibited a significantly strong surge in wine exports - by a whooping 47% to 5.4 million euros and 49% to around 10,000 hectoliters. German merchants also recorded double-digit sales and increased exportation in the Netherlands, Poland, Japan, and Denmark.
The earnings in 2023 had augmented by 4% compared to 2022, predominately influenced by price raises. For a liter of wine, manufacturers in foreign countries collected an average of 3.35 euros during April 2023 to March 2024, amounting to a 13 cents spike from the preceding financial year.
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In addition to China, other European countries like the Netherlands, Poland, Japan, and Denmark also reported a rise in the import of German wines. This increase in wine exports from Germany to Rhineland-Palatinate, known for its vibrant agriculture, contributes significantly to the region's export business, particularly in the Food & drink sector. Germany's renowned wine, being a staple in its Agriculture sector, is now enjoyed not just within its borders but is also gaining popularity in international markets, including China.
