Argentine wine exports reported in the first two months the best start to year for bottled wine and bottled in February reached a record $ 34.5 per box.
And thanks to the sharp rise in bulk wine exports, the overall growth rate is the highest volume since 2008, notes a report by Caucasia Wine Thinking for Wines of Argentina.
In the first two months of 2011 were sold abroad 51.2 million liters (16.4%) of wines and musts for u $ s 130.8 million (+24% compared to the same period in 2010).
In February, exported 24.4 million liters (+17.3%) for u $ s 66 million (+24.9% compared to February 2010), the total turnover, 76.7% were bottled wine .
That month the value-added products (bottled wine on all packaging and sparkling) explained 80.9% of total revenues with sales of u $ s 53.5 million.
U.S. Returns to grow at a rate well above the overall average, and its share on total revenues of bottled wine exports reached 42%.
The leading markets for growth for bottled wine in the first two months were Russia (+230%), Mexico (+90,2%), UK (+85,4%) and China (78.9%).
As in previous years, so far in 2011, the Malbec is leading the ranking of varieties exported 1.4 million boxes, followed by Cabernet Sauvignon and red blends.
With 40% growth in volume, rose two spots Torrontés ranking in fifth place (compared to January-February 2010) reaching the 105,300 boxes exported.
In February, 15,100 cases of sparkling wines exported for $ s 687 600 at an average price of 45.4 dollars per box.
In the first two months of growth highlighted by the United States, Chile, Paraguay and French Territories, while market leader in Brazil 2010 – showed a fall.
In the case of bulk wine in the first two months of 2011 were exported 12.3 million liters in the second-best start (after 2008) since 2002.
Moreover, in February 5817 were sold overseas tons of must (grape juice concentrate), at an average price of $ 1,409 per ton, with the United States and Canada as major destinations, and China and Chile with strong growth relative.