Cognac Exports Continue To Rise
For the fourth consecutive year cognac exports are up, according to recent figures published by the BNIC. Volume sales were up by 8.2% (205 million bottles were shipped) and this equated to an increase of 5.4% by value (€3.2bn). The largest market continues to be the US where demand still increases annually. Exceptional increases in demand have been seen in the Far East with China leading the way. “These strong results confirm the lasting appetite of the Chinese for Cognac, even as the market is still stabilising,” noted the BNIC President. Shipments to the UK remaining stable at 10.8 billion, despite the uncertainties of Brexit, were positive and we remain the fourth largest importer worldwide. A delighted BNIC Vice-president concluded that “Cognac wine growers and traders are confident in their future prospects and continue today to fully invest in the development of the appellation, their sector and the quality of their products”.