Oak ageing is closely associated with quality wines, and the French barrel makers are masters at producing the oak barrels wanted by the entire wine world. After several difficult years affected by fires in California and Australia, small harvests in France and problems with sea transport after Covid, the activity of the French coopers is now back to its usual level. Between April 1, 2022 and March 31, 2023, 684,912 oak barrels were sold, an increase in volume of 20% and value of 27% compared to the previous year. Exports increased by 18% in volume and 25% in value.
French wine producers bought 33% (30% in value) of this volume and the US 29% (31% in value). This is followed by Italy (7% in volume), Spain (7%) and Australia (5%). Considering that France produces more than twice as much wine as the US, we can conclude that oak ageing is more popular in America.
One Response
Thank you for an interesting article. I have read several articles that bemoan the combination of over supply and weakening demand for wine in the U.S. However, it does not appear to impact the demand for French Oak barrels. What might be an explanation or two.