Wines from around the world showcased at Wine Paris 2020

Wine Paris 2020 took place between 10 and 12 February 2020. It was the first dedicated wine platform in Paris and was organised in response to market demand. A forecast study by International Wine and Spirit Research (IWSR) shows that Europe will continue to be the number 1 market for wine over the next five years. And, as part of the expo, IWSR showcased some of its highest rated French wines.

The best French wines on show at Wine Paris 2020

At the IWSC stand, delegates found some of the best French wines from regions all over the country. Wines on show came from Alsace, Cotes du Rhone, Languedoc and Champagne, and were available to thousands of visitors to taste during the three day exhibition.

Each French wine on show at the expo had been given at least 90 points by IWSC’s wine experts. The showcase included the Alsace Pinot Gris Selection de Grains Nobles Clos des Anges 2015, which scooped the highest number of points from the experts last year at 96.

A gold award winner last year, the wine was praised by judges for a flavour brimming with: “intense spice, white peppercorns, clove cooked pairs, cinnamon and glace chestnuts”. A smooth palate, chalky minerality and citrus acidity cuts through the sweetness, with a smoky spicy feel to finish.

Wines from around the world at Wine Paris 2020
Other winners from the IWSC also showcased at the event included wines from New Zealand, Austria and Italy.

From New Zealand, Church Road Grand Reserve Chardonnay 2019 was praised by judges for its “intense lemony… succulent stone fruit nose, followed by a luscious full-bodied complex and layered palate”.

Italy’s Borgo Isolabella Augusta – Nizza DOCG 2015 has vanilla, clove, cherry and fresh ginger flavours, with a complex palate. The judges praised its beautiful texture and well-balanced acidity. And from Austria, the Weingut Rabl Gruner Veltliner Ried Loiserberg Alte Reben 2017 was included thanks to its complexity and intriguing flavours of tropical fruit, orange blossom and peach.

Wine Paris 2020 aims to unite global industry

Wine Paris 2020 brought together 2,200 exhibitors from every French wine region, all showcasing the highest quality French wines. More than 30,000 buyers attended, with at least a third from overseas. The event aims to link together every kind of global wine professional, including importers, restaurant owners, sommeliers, specialised distributors and sales agents to taste the latest vintage wines, discover new wines and trial the extensive range available.

During the event, Wine Paris 2020 hosted Wine Talks, which were round-table discussions among engaging and passionate personalities to share best practice and creativity. This year marked the first joint event between Wine Paris and Vinexpo Paris, and the first industry event of the calendar year.

AS well as the conferences and discussions covering industry issues including “The future of French wines in the US” and “Trends and major challenges in the global spirits market.”, there was also heavy promotion for specific industry sectors. These included organic wine and other environmentally forward-thinking choices, and the ‘Be Spirits’ area, which featured 100 brands from 14 countries.

Looking ahead to 2021

French Minister for Agriculture and Food, Didier Guillaume, opened the exhibition and welcomed the inclusivity of combining the two complementary events as a boost to the country’s international influence in the wine industry. The top three countries represented by the trade and industry members at the joint exhibition were the US, Belgium and the UK.

The joint exhibition was so successful that Wine Paris and Vinexpo Paris are already preparing for 2021’s event. The plan for next year is to establish an event with even more international scope for visitors, exhibitors, producers and buyers.

It has to be pink sparklers for the best Valentine’s Day wines

Valentine’s Day is a time for clichés. Whether it’s roses and chocolates or jewellery, nothing complements this holiday better than some pink sparkling wine. And, as it happens, sparkling rosé has never been more popular or varied.

While there are still some inferior versions on the supermarket shelves, there are far more higher quality Valentine’s Day wines out there. If you want to stick to the fine wine end of the market, then there’s always a rosé champagne worth trying. Purists may want to stick with something like LeClerc Briant Brut, but a pink fizz could make your Valentine’s Day extra special.

It’s always best to avoid the cheapest pink sparklers, as these tend to be loaded with overly sweet, fake flavours. But as long as you avoid those at the lowest price points, you’ll find plenty of choice to make your February 14th just right.

Champagne will always make a romantic statement, and it does still have the edge for many people looking for the ideal seductive drink. This is despite the fact that there are plenty of competitors on the market now, not least from increasingly popular English vineyards.

Pink and sparkling – the ideal Valentine’s Day wines

Classic French champagnes are even sweeter, richer and riper than they were just a few years ago, thanks to the climate change affecting weather patterns. You don’t have to stick to the Champagne region, of course. France is packed to the brim with often very decently priced pink sparkling wines. Rosé crémants are always worth trying, as they offer a delicious alternative to Champagne and are guaranteed to be of the same quality.

Whatever pink sparkling wine you choose for the most romantic night of the year, keep it away from sweet foods as it doesn’t work well due to the high acidity level. Always opt for a dry sparkling wine and pair with elegant, savoury food like sushi.

Three pink sparkling wines to try

  1. Billecart-Salmon Rosé Brut, from Champagne, France for an indulgent treat. Priced at around £50 per bottle, it’s a nicely priced sparkling wine to enjoy with your loved one this Valentine’s Day. And while it can be tempting to resist the marketing push of pink wines on Valentine’s Day, at its very best sparkling roses are delicious. This version gives a rich fruitiness thanks to the delicate blend using pinot noir.
  2. Nicolas Courtin Champagne Rosé Brut, France. This is a more unusual pink sparkler, with a dry finish and flavours of orange peel and cranberry. It’s better as a food pairing rather than drinking it as an aperitif and goes beautifully with lightly spicy fish dishes. Perfect for that romantic meal for two.
  3. Edoardo Miroglio, EM Brut Rosé, Nova Zagora. This 2011 vintage is best enjoyed this year or next at the latest. It’s a delicate sparkling wine with lots of freshness and summer berry flavours. Expect a creamy richness balanced with apply acidity.

Burgundy fine wine prices fell in 2019

A new report from Liv-ex, the global wine trade marketplace, shows vulnerability for Burgundy fine wines. However, it also points towards reasons for fine wine investors and traders to be positive.

For a number of years, the Burgundy fine wine market has been enjoying meteoric price rises. In fact, this has been a dominant theme for at least five years. However, in 2019, prices began to drop for some of the biggest names in the market.

 

How much have Burgundy fine wine prices fallen?

During 2019, according to the annual market report for Burgundy compiled by Liv-ex, prices stuttered for some of the most popular Burgundy wines. This includes a number of Domaine de la Romanee Conti wines.

The report tracks the ‘Burgundy 150’, which are the most traded Burgundy wines on the platform. In 2019, the Burgundy 150 was the worst performing regional index on the platform, with its value falling by 8.8%.

According to the report, 2019 “has highlighted the vulnerability of Burgundy’s high prices.” However, traders and fine wine collectors should be aware that where this will lead is far from certain. It’s too soon to know what the long-term trends will be for 2020, as there are many economic and political factors at play.

 

Increase in number of Burgundy wines being traded


The Burgundy 150 has leapt up by 445% over the last 16 years (since 2003). The biggest rate of growth was between 2016 and 2018. For more context, compare this growth with the benchmark Liv-ex 100 with its 202% growth since 2003. Similarly, the Liv-ex 50 has grown by 235% since 2003 – this covers the five Bordeaux first growths – Haut-Brion, Latour, Margaux, Mouton Rothschild and Lafite.

Liv-ex says that the fall in prices mostly covers the very top-tier Burgundy wines. It also points out that there has been a 48% increase in the number of Burgundy wines traded on the Liv-ex platform in 2019.

This means that more fine wine collectors have been seeking out cheaper wines that may hold more value sometime in the future. This includes a number of wineries that have innovative and upcoming winemakers leading the way.

Due to this increase in the number of Burgundy wines on the platform, the region achieved a 20% share of trades by value. This represents a record high total for Burgundy, and further compounds the fact that Bordeaux no longer commands more than 90% of the fine wine trade.

For a lowdown on fine wine terminology check out our earlier blog here, and stay tuned for more updates on the fine wine market throughout 2020.

The growing popularity of Eastern Mediterranean wine

Wine from the Eastern Mediterranean isn’t always at the forefront of consumers’ minds. However, the region that goes from Lebanon to Croatia is home to many different types of wine. And it’s becoming more popular, thanks to new coverage in the World Atlas of Wine, the most recent edition of which has devoted pages to wine from Israel, Lebanon and Cyprus for the first time.

How is Eastern Mediterranean wine selling internationally?

Greece sells more internationally than the other countries from the region. For example, there has been an upsurge in popularity of wines from Santorini. In 2019, approximately two million hectolitres (each hectolitre = 100 litres) of wine was made in Greece.

From this volume, approximately 90% comes from the 200 grapes indigenous to the country. Around 13% of the total wine volume produced in Greece is exported internationally, and it’s worth about £71 million (82.6 million Euros).

Santorini wines are finally shifting into the fine wine bracket with prices equivalent to those of high-quality white Burgundy. This burgeoning interest in wines from Santorini is likely to have a knock-on effect for collectors and sommeliers.

Georgian wine is exporting more than ever before

Georgia, located at the apex of Europe and Asia is also increasing wine exports. In the second half of 2019, UK based importer Berkmann Wine Cellars began listing wine from a Georgian producer called Tbilvino.

According to data from the Wine Agency of Georgia, in the 12 months leading up to October 2019, Georgian wine exports increased by 20% in value and 11% in volume. It is exported to 50 different countries, with recently opened markets including Sweden, Germany, the UK, the US and Japan. Georgia exports the highest volume of wine to the Ukraine and Russia, with China in third. Interest from Scandinavia, the UK and the US is also increasing the growth of wine from this region.

Turkish wines, while traditionally not particularly successful in international markets, are also kickstarting growth plans. Varieties such as Narince made from an aromatic white grape, and Papakarasi, which makes soft fruity reds have potential for export markets.

Romanian and Israeli wines

There is also an untapped export market for Romanian wine. Philip Cox is the commercial director for Cramele Recas, the largest wine producer in the country. He says that Romania has huge potential thanks to its lengthy history of wine making, and fascinating local varieties. He also says that the country’s ‘flexible legislation’ allows wine producers to pick and choose from a vast range of varieties. Add this to relatively cheap land, low living costs and you have the ingredients for a very successful export market.

Philip says: “[Romania] now has one of the most modern wine industries in Europe, with more than 200 new wineries built in the past decade.” The producer exports to 23 countries, and is nationally distributed in Myanmar, South Korea and Japan.

Over in Israel there is no official wine group pushing for exports. However, there is an unofficial group of wine producers working together to export increasing amounts to the UK wine market.

 

The group is led by Morris Herzogf from Kedem Europe, a specialist in Israeli wine. He believes the biggest challenge is to change people’s perceptions of wine from Israel. He points out that recently sommeliers and wine aficionados are discovering that there are many high-quality wines from the region.

 

Various London restaurants have become buyers for Israeli wine, and professionals are increasingly using it to match the cuisine from the region as it becomes more popular. Winemaker Faouzi Issa heads up the oldest commercial winery in Lebanon, which is called Domaine des Tourelles. He says that the UK is their main market and that: “… consumers [in the UK] are very open to discovering new wines, particularly those with an interesting story.”

 

His wines now reach 25 countries, and over the last ten years his export volumes have increased eight times. However, despite the undoubted increase in exports for wines from the Eastern Mediterranean, it’s likely that they will remain niche for the meantime, and won’t be named on any 2020 wine trends lists. For now, only wines from Georgia, Hungary, Romania and Greece are included on the International Organisation for Vin and Wine (OIV)’s list of countries that make more than one million hectolitres a year.

Why US wine industry is hoping tariffs on EU wine won’t go ahead

The US wine industry is currently reeling from the President’s decision to potentially  tax wine from Europe by 100%. In fact, some experts in the industry are saying that the threatened rise in import tax will have a similar impact on them as prohibition did more than 100 years ago.

Wine sellers in the US are hoping that the President will change his mind and drop the import tax raise. They say that their businesses will fail should the proposed taxes happen.

How would 100% EU tariffs affect the US wine industry?

Proposals to raise tax on EU imports is in retaliation for subsidies on American company Airbus. But the American wine industry is arguing that it shouldn’t take the hit for this trade battle. Representatives of wine merchants in the US argue that these proposed tariffs would hit the industry very hard.

Every year, the US imports wine worth £3.8 billion (approximately $5 billion) from European countries. In October 2019, the industry had to deal with a 25% tax on wines from Europe. This was imposed by the President after approval was granted from the World Trade Organisation (WTO) for the US to retaliate after subsidies imposed on Airbus.

This first round of tax increases was absorbed by wine sellers in the US. However, the suggestion that there will be another round of tax increases, this time at 100%, has shaken the industry once more.

Possible job losses and huge price rises

It is feared that the tariffs will lead to more retaliation and put potentially thousands of jobs on the brink. But what would the fallout be for the consumer? The National Association of Wine Retailers (NAWR), says that prices per bottle could more than double. Furthermore, some bottles will just be way too expensive to import.

The US Trade Representative has been open to comments, and according to the BBC, thousands of sellers have formally opposed the tariffs. Field Blend Solutions is a wine importer based in New York. A representative told the BBC that while the tariffs are supposed to cause problems for the countries of origin in Europe, “… instead, they are having a calamitous impact on American small businesses, American workers and American consumers.”

The president of the National Association of Beverage Importers (NABI) warns that the “impact on jobs” and “the impact on the US marketplace” are concerning.

Industry braces for impact of wine tariffs

This tariff was announced in December 2019 by the US Government, which says that the 100% increase is necessary. This, they say, is because of a “lack of progress” between the EU and the US in resolving the subsidy battle over Airbus.

President Trump says that Americans should drink home-grown wine instead. However, industry experts say that consumers may well turn to wines from the New World instead of the US.

Whether the 100% tariff on wine imports goes ahead remains to be seen. However, it’s likely that even if it doesn’t, some tariffs will remain for the US wine industry. It’s possible, for example, that Champagne will come under fire in a separate trade dispute over French taxes on tech companies. Whatever happens, collectors of fine wines and everyday consumers will be watching closely on both sides of the Atlantic.