{"id":11603,"date":"2018-08-13T12:39:21","date_gmt":"2018-08-13T10:39:21","guid":{"rendered":"https:\/\/preprod.cognac.fr\/?p=11603"},"modified":"2019-10-23T16:22:04","modified_gmt":"2019-10-23T14:22:04","slug":"cognac-exports-set-new-record-in-2017-2018","status":"publish","type":"post","link":"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/","title":{"rendered":"Cognac exports set new record in 2017-2018"},"content":{"rendered":"<p><em><span style=\"font-size: 18pt;\">For the fourth straight year, exports of Cognac have continued their steady rise, with an increase of 8.2% in volume and 5.4% in value1. The previous record of bottles shipped (200 million) has been surpassed, with 205.9 million bottles shipped between August 2017 and July 2018. With 3.2 billion euros (roughly 300 billion dollars) in revenue, Cognac contributes significantly to France\u2019s trade surplus in the wines and spirits sector, accounting for nearly a quarter of the total value of French wine and spirits exports and placing Cognac at the top of the major appellations.<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"p1\"><span style=\"font-size: 18pt;\">Positive results in all major markets<\/span><\/h2>\n<p class=\"p1\">Cognac consolidated its position in the NAFTA zone with 89.8 million bottles shipped. This translates to an increase of 9.4% in volume and 0.2% in value, in the 9th consecutive year of growth<span class=\"s1\">2<\/span>. The United States remains the leading market, with 86.5 million bottles shipped during the period. <b>\u201cThe brown spirits category is growing in the US market. The historical presence of cognac and <\/b><b>the constant investment by the Cognac houses in this market have reinforced the performance of cognac <\/b><b>in the U.S.,\u201d <\/b>explains Patrick Raguenaud, President of the Bureau National Interprofessionnel du Cognac (BNIC).<\/p>\n<p class=\"p1\">The East Asian market continues to grow, with 60.9 million bottles shipped (and increase of 13.5% in volume and 12.4% in value)<span class=\"s1\">3<\/span>. China is driving growth in this zone, with nearly 26.2 million bottles shipped. For Patrick Raguenaud, <b>\u201cthese good results confirm China\u2019s continued appetite for <\/b><b>Cognac, even with transitions currently taking place in that market.\u201d <\/b>Shipments to continental Europe remain stable with a slight loss of 2.0% in volume but a rise of 3% in value, for a total shipment of more than 41.3 million bottles. These results are due to a small decrease in exports to western and northern Europe and growth in Russia and Latvia. <b>\u201cParticularly <\/b><b>in the United Kingdom, our largest European market, shipments remain stable, despite the uncertainties <\/b><b>of Brexit,\u201d <\/b>says Patrick Raguenaud.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><em><span style=\"font-size: 10pt;\">2017-18 CAMPAIGN<\/span><\/em><br \/>\n<em><span style=\"font-size: 10pt;\">1. From August 1, 2017 to July 31, 2018.<\/span><\/em><br \/>\n<em><span style=\"font-size: 10pt;\">2. Figures linked to Euro\/Dollar exchange rate.<\/span><\/em><br \/>\n<em><span style=\"font-size: 10pt;\">3. Including China, Japan, South Korea, Hong Kong, Malaysia, Thailand, Vietnam, Taiwan and Singapore.<\/span><\/em><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-size: 18pt;\">Significant potential for development in the rest of the world<\/span><\/h2>\n<p>Increased exports also continue in other areas, with strong potential for Cognac in countries such as South Africa, Vietnam, Oceania and the Caribbean4. Exports to these markets rose by 12.2% in volume and 5.3% in value. All together, these promising markets represent more than 6.7% of total exports, or nearly 13.9 million bottles.<\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-size: 18pt;\">Exports increase for all categories: V.S., V.S.O.P. and Hors d\u2019\u00c2ge<\/span><\/h2>\n<p>Representing 50% of total volume, the V.S., V.S.O.P. and older categories\u2014including Napol\u00e9on, X.O. and Hors d\u2019\u00c2ge\u2014continue to play a prominent role in Cognac\u2019s strong performance5. The success of V.S. (minimum 2 years aging) cognac continues to be driven by the North American market\u2014which accounts for half of all cognac shipments\u2014growing in volume by 6% and in value by 4.1%.<\/p>\n<p>Representing a little less than 40% of the production, V.S.O.P. (minimum 4 years aging) shipments increased by 10% in volume and 2.1% in value. Napol\u00e9on (minimum 6 years aging), X.O. and Hors d\u2019\u00c2ge (minimum 10 years aging, respectively) are also experiencing significant growth with a rise of 12.4% in volume and 10.3% in value, thanks to strong results in East Asia.<\/p>\n<p>According to Patrick Raguenaud, \u00abthe good momentum we are experiencing today in these three qualitydesignated<br \/>\ncategories can be explained by cognac\u2019s strength in all markets, with varied consumption<br \/>\npatterns.\u00bb<\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-size: 18pt;\">Cognac: spearheading French wine and spirits exports<\/span><\/h2>\n<p>According to the F\u00e9d\u00e9ration des Exportateurs de Vins et Spiritueux de France (Federation of Exporters of Wines and Spirits of France) and the F\u00e9d\u00e9ration Fran\u00e7aise des Spiritueux (French Federation of Spirits), 2017 saw French spirits exports reach new records and break the \u20ac 4 billion mark, for a total of 437 million liters (an increase of 2.4%). Cognac, accounting for 70% of the value of spirits exports, gave a strong boost to the overall value. In addition, Cognac now represents<br \/>\nnearly a quarter of the total value of all French wine and spirits exports.<\/p>\n<p><strong>Christophe Forget, Vice President of the BNIC, comments on cognac\u2019s growth, which confirms its dynamism and international influence: <em>\u201cCognac growers and n\u00e9gociants are confident in their future prospects and continue to fully invest in the development of the appellation, the markets and the quality of their products.\u201d<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><em><span style=\"font-size: 10pt;\">2017-18 CAMPAIGN<br \/>\n4. Caribbean markets include Jamaica, Bahamas, Dominican Republic, Haiti, Cuba, Trinidad and Tobago and U.S. Virgin Islands.<br \/>\n5. V.S. = Very Special; V.S.O.P. = Very Special Old Pale; Hors d\u2019\u00c2ge = Older cognac of exceptional quality; X.O. = Extra Old.<\/span><\/em><\/p>\n<hr \/>\n<h2><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11620\" src=\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/Cognac-exports-set-new-record-in-20172018.jpg\" alt=\"\" width=\"799\" height=\"2247\" \/><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"color-rouge\"><strong>PRESS CONTACT<\/strong><\/span><\/p>\n<p class=\"p2\"><span class=\"color-rouge\">Teuwen Communications<\/span><br \/>\n<span class=\"color-rouge\">Stephanie Teuwen | stephanie@teuwen.com<\/span><br \/>\n<span class=\"color-rouge\">Cassidy Havens, DipWSET | cassidy@teuwen.com<\/span><br \/>\n<span class=\"color-rouge\">Gabriela Marchand | gabriela@teuwen.com<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/20180813_BNIC-PR_08132018_USA.pdf\"><strong>Download<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the fourth straight year, exports of Cognac have continued their steady rise, with an increase of 8.2% in volume and 5.4% in value1. The previous record of bottles shipped (200 million) has been surpassed, with 205.9 million bottles shipped between August 2017 and July 2018. With 3.2 billion euros&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_mapbox_gl_js_media":[],"footnotes":""},"categories":[46,64],"tags":[],"class_list":["post-11603","post","type-post","status-publish","format-standard","hentry","category-news","category-press"],"acf":{"date_evenement":"","date_fin_evenement":"","fond_page_cocktail":false,"outils_presse":{"documents_textes":[{"documents_pdf_word":"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/20180813_BNIC-PR_08132018_USA.pdf"}],"galerie_photos":false}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cognac exports set new record in 2017-2018 | Cognac<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cognac exports set new record in 2017-2018 | Cognac\" \/>\n<meta property=\"og:description\" content=\"For the fourth straight year, exports of Cognac have continued their steady rise, with an increase of 8.2% in volume and 5.4% in value1. The previous record of bottles shipped (200 million) has been surpassed, with 205.9 million bottles shipped between August 2017 and July 2018. With 3.2 billion euros&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"Cognac\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-13T10:39:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-23T14:22:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/Cognac-exports-set-new-record-in-20172018.jpg\" \/>\n<meta name=\"author\" content=\"Cognac admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cognac admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/\"},\"author\":{\"name\":\"Cognac admin\",\"@id\":\"https:\/\/preprod.cognac.fr\/#\/schema\/person\/d6834ae29e643c9b480eae604df56192\"},\"headline\":\"Cognac exports set new record in 2017-2018\",\"datePublished\":\"2018-08-13T10:39:21+00:00\",\"dateModified\":\"2019-10-23T14:22:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/\"},\"wordCount\":792,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/preprod.cognac.fr\/#organization\"},\"image\":{\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/Cognac-exports-set-new-record-in-20172018.jpg\",\"articleSection\":[\"News\",\"Press\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/\",\"url\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/\",\"name\":\"Cognac exports set new record in 2017-2018 | Cognac\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.cognac.fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/Cognac-exports-set-new-record-in-20172018.jpg\",\"datePublished\":\"2018-08-13T10:39:21+00:00\",\"dateModified\":\"2019-10-23T14:22:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#primaryimage\",\"url\":\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/Cognac-exports-set-new-record-in-20172018.jpg\",\"contentUrl\":\"https:\/\/preprod.cognac.fr\/wp-content\/uploads\/Cognac-exports-set-new-record-in-20172018.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/preprod.cognac.fr\/en\/press\/cognac-exports-set-new-record-in-2017-2018\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"home\",\"item\":\"https:\/\/preprod.cognac.fr\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Presse\",\"item\":\"https:\/\/preprod.cognac.fr\/presse\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cognac exports set new record in 2017-2018\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/preprod.cognac.fr\/#website\",\"url\":\"https:\/\/preprod.cognac.fr\/\",\"name\":\"Cognac\",\"description\":\"Cognac.fr - 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