COMMERCIALIZATION OF MADEIRA WINE WAS 879 THOUSAND LITERS IN THE SECOND QUARTER OF 2018

COMMERCIALIZATION OF MADEIRA WINE WAS 879 THOUSAND LITERS IN THE SECOND QUARTER OF 2018

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According to data from the Institute of Wine, Embroidery and Handicraft of Madeira (IVBAM), and now released by the Regional Directorate of Statistics of Madeira, the sale of Madeira wine was around 879 thousand liters in the second quarter of 2018, which translated into first-sale revenues of 4.9 million euros. Compared to the same period of the previous year, there was an increase of 16.2% in quantity and 14.1% in value.
Exports to the European Union (+ 23.0% in volume and + 12.5% ​​in value) and to third countries (+ 18.4% in quantity and + 34.1% in first-sale sales ) grew year-on-year. Sales of “Madeira” wine throughout the country fell by both volume (-3.3%) and value (-6.8%), while sales in the regional market increased by 1.8% in volume, but decreased by 1.9% in value.
Analyzing the information for the first half of 2018, it can be observed that both the quantity sold and the first-sale value presented positive year-on-year changes of + 15.4% and + 10.9% respectively. This increase in quantities was transversal to all markets: the extracommunity grew by 19.5%, the Community by 18.3% and the national by 1.7%. The first-sale value also increased in all markets: in the non-EU market (+ 20.4%), in the intra-Community market (+ 9.7%) and in the domestic market (+ 0.9%).
In the first six months of the year and in comparison with the same period in 2017, growth in sales to Sweden (+ 94.9% in quantities and + 112.7% in value), Denmark (+70, 1% in terms of quantities and + 39.0% in value) and for the French market (+ 34.9% in quantities and + 33.2% in value), which remains the main destination for Madeira wine. On the other hand, sales declined in the Dutch market (-32.5% in quantity and -39.1% in value) and in the British market (-20.5% in the quantities and -27.1% % in value).

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