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Portuguese wine exports increase in the UK
Economy
9 March 15
The value of exports of bottled Portuguese wine to the UK market rose 27% in 2014 and sparkling shot 412%
During London Annual Tasting, in an interview to Lusa Agency, Engº Jorge Monteiro, ViniPortugal CEO says that "nowadays the quality of Portuguese wines it’s no longer a question that interests the consumers that seek for a good value for money and differentiation". One of the leaders was Vinho Verde, which increased exports by 30% in 2014 compared to the previous year. However, sparkling wine had the best performance. In 2014, the value fired 412% to 1,061 million euros, against 207 thousand euros in 2013, benefiting from an increase in 213% of the liter average price to 18.75 euros in 2014 against 5.99 in 2013. Jorge Monteiro states that this "is a small base". The sparkling wine will be one of the main growth vectors for wine consumption by the British this year, is expected to increase 12%, more than the 3.3% expected for wine in general, according to a study by Vinexpo released in January. Read the full article here.
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