For the 3rd year running, cognac exports have increased with a 10% growth in volume and a 15% growth in value. The US retained its position as the largest cognac market. China has led the return to growth in the Far East. Prosperity in Europe has also returned thanks mainly to renewed interest from Russia and the Baltics. Naturally, this good news has led to speculation of more cognac house takeovers in the Cognac region. Some major non-cognac companies may be looking to extend their portfolio in this area as a good investment. It is also understood that hefty price increases should be expected this year, especially amongst the older cognacs. Beware, new price lists are imminent!