France's Wine Exports at 20-Year Low: Problems Deepen

France's Wine Exports Reach Lowest Level in History

France's wine and high-alcohol beverage exports have dropped to the lowest level in at least 20 years due to trade tensions and weak environmental demand. According to data released by the FEVS (Federation of French Alcohol Exporters), total exports in 2024 have decreased by 8% to 14.3 billion euros (approximately 17 billion dollars).

Volume Decline and Electronic Tariff Issues

Data shows that wine volumes fell by approximately 3% last year. FEVS President Gabriel Picard summarized the situation during a statement at the Wine Paris fair on Tuesday, saying, "Our exports are declining in volume and we are at historically the lowest level." He noted that the export value has also decreased since 2022.

Global Issues Impacting Exports Negatively

Weakness in global demand and extreme weather conditions have further exacerbated the challenges faced by the sector. In particular, Beijing's anti-dumping measures on brandy imported from Europe and the import tariffs imposed by the Trump administration have led to a decline of one-fifth in exports to the major buyer markets of China and the USA.

French Government Providing Support

The decline in wine sales is causing a collapse of France's food trade balance. In response, the French government plans to provide 130 million euros in support for vine uprooting to farmers, who own approximately 11% of vineyards worldwide. Additionally, it aims to develop a national strategy to protect the agriculture and food industry.