Chile reported in the first half of 2023 “unprecedented declines” in wine exports. A total decline of 20 million boxes and 584 million dollars, represents a 24% decrease in both volume and value compared to the same period last year, according to Wines of Chile.
“In this period, all ten of our main consuming markets have experienced declines in wine exports: China, which continues to be our foremost destination in terms of value, has seen volume and value reductions of 40% and 37%, respectively,” the report stated.
Alongside China, the markets that witnessed the most decreased their imports were the United Kingdom, Japan, Canada, the Netherlands, the Republic of Korea, and Mexico. Wines of Chile pointed out that Brazil, the second destination in value (but the number one in volume), managed to “resist somewhat better.”