Light Crops Yield Unequal Demand for Fruit
The mixed grape market is another example of the ongoing bifurcation across the wine industry in which demand has remained relatively stronger for premium wines but has remained flat or declined for lower priced bottles. In addition to uncertain consumer demand, growers and wineries also continue to contend with ever-increasing costs of doing business that […]
Premium DtC Stays Strong
Wines priced more than $80 accounted for nearly 42% of all winery direct-to-consumer shipment value in 2022 after the total value of these high-priced wines grew by 11% over 2021. Shipment volume at the high end of the DtC channel has also outpaced the total channel with 4% growth in the past year to nearly […]
New Index Tracks Wine Firms
A new tool rooted in publicly traded wine companies and offering insights into the health of the wine sector has launched on winebusiness.com. The WB Stock Index (WBIX) is a composite metric representing a portfolio of 13 publicly traded wine companies, weighted by each company’s annual wine revenue. The index reflects the daily percentage change […]
Industry Metrics: DtC Value up 6%
Value of Domestic Wine Sales for 12 months ended February 2023 +5% U.S. wine sales including bulk imports, bw166 Other Wine Industry February 2023 (versus February 2022) data: -5% off-premise sales value, NielsenIQ channels +4% on-premise sales (52 weeks ended Dec. 31, 2022), CGA by NielsenIQ +6% DtC shipment value, Wines Vines Analytics/Sovos ShipCompliant […]
Changing the Market in Washington
Originally established as a limited partnership by Alec Bayless and Winslow Wright in 1968, Sagemoor Vineyards of Pasco, Wash., planted its first vines in 1972, some of which continue to bear fruit. Sagemoor has grown steadily over the past decade, expanding from just under 900 acres in 2013 to more than 1,400 acres today. Its […]
The Stunning End of Silicon Valley Bank
During Silicon Valley Bank’s January 2021 webinar to promote its annual wine report, Rob McMillan predicted the industry would enjoy a surge in pent-up consumer spending that would make the start of the 2020s seem like the Roaring Twenties. Two years later, the comparison to the Roaring Twenties proved prescient but for the wrong reason […]
Upcoming Events
UC Davis Wine Executive Program: March 26-30 The UC Davis Wine Executive Program in Davis, Calif., is designed to teach the fundamentals of winemaking and management skills necessary to succeed in the wine industry. na.eventscloud.com B.E.V. NY: March 28-30 Organized by the New York Wine & Grape Foundation and Cornell University, B. E. V. NY will […]