Spanish wine exports experienced an important boom in the markets of the United Kingdom, Ireland and Germany in 2018, despite the reduction of global imports in these three countries.
According to the latest report of the Spanish Observatory of the wine market (OEMV), corresponding to the period between January and September 2018, Spanish wine exports rose by 3.5% in value last year, despite the fact that the volume of exports decreased by 15%. Specifically, Spain exported 1,636 million liters of wine worth 2,406 million euros, at an average price of 1.47 euros per liter.
The United Kingdom is the main destination for Spanish wines, both in terms of value and volume. Specifically, this country invested 5.4% more in Spanish wine between January and September, which allows Spain to position itself as the third country that most bill for sales of wine to the United Kingdom, with 167 million pounds (185 million euros), above New Zealand and Australia. These figures are even more meritorious if one takes into account that British imports fell slightly in these nine months.
On the other hand, Spain increased its exports to Ireland by 15%, reaching 7.4 million liters, which allowed it to move from fifth to second as supplier in this country, ahead of Italy, France and the United Kingdom. Ireland also reduced its global imports of wine in 2018.
As for Germany, the value of Spanish wine increased in this country above 9% to exceed 314 million euros, thanks to an average rise of the German market of just over 2%. With these data, Spain gains share as third seller, although it is still far from Italy and France, two countries that, despite everything, evolved worse than Spain. Germany has also reduced its global wine imports, which does not prevent it from remaining the world’s leading wine importer, only ahead of the United Kingdom.
However, these two countries are far from the global investment made by the United States. Spain is, with almost 270 million dollars (234,3 million euros) until last September (+ 3.1%), the fourth supplier of wine to this country, above France, Italy and Australia.