November Wine Market Report
The Liv-ex Fine Wine 1000 rose by 0.2 in October
The Liv-ex 1000 was driven by the performance of the Champagne 50. The sub-index rose 2.1% in October and was the best performing of the seven sub-indices for the fifth month in a row.
Whereas Sterling weakness gave the market a boost in September, its stronger performance against the US Dollar and Euro in October reduced the buying power of those currencies without affecting growth.
Chart of the Month
Champagne’s share creeps upwards
Bordeaux’s trade share declined from 40.5% to 38.1% this month and Burgundy’s went from 23.3% to 22.6%.
The USA saw a small decrease as the strong US Dollar has made stock in America (which accounts for a large proportion of Californian wines traded) more expensive for Sterling and Euro buyers.
Champagne’s trade share grew last month, rising from 15.4% to 18.1%. Once again, it was Louis Roederer’s Cristal that was at the forefront of Champagne trade. The 2014 was the month’s top traded wine, while Cristal 2008 and Dom Pérignon 2012 were also among the five top-traded labels.