World cognac sales plunge in 2009
Sunday 17 January 2010
Worldwide sales of cognac fell for the second year in a row in 2009 with a 12.4 percent drop, even sharper than the 6.2-percent fall in 2008, the industry association said on Friday.
Nearly 130 million bottles were shipped last year, compared to 148.2 million in 2008, said the BNIC national trade office, based in the Cognac region of France where the drink is made.
Sales dropped by 18 percent in Europe, 9.9 percent in eastern Asia, 9.2 percent in the NAFTA trade group (United States, Canada and Mexico), and 6.2 percent in other countries.
But demand for cognac surged in the last quarter of 2009 in the United States, where exports rose by 19 percent compared to the same period in 2008. They also rose by 6.2 percent in China, Hong Kong and Singapore.
Global sales had already dropped in 2008, the first slump in six years.
From 2001 and 2007, cognac sales worldwide soared 36.8 percent.
interviewThe producer and activist, Trudie Styler, whose film 'Filth' is up for five film awards, is tapping into the industry's neglected female talent
musicBlack Sabbath have pulled off one of rock music’s great comebacks – against all odds
interviewHer estate has become the nation's glossiest food empire
theatreTheatre's hitmaker Daniel Evans on 'Oliver' and bringing 'The Full Monty' to the stage
food + drinkMichelin-starred Tom Sellers on being this year's hottest property
tvParents (and kids) rejoice! A new wave of fantastic family entertainment is here
booksGeese, gorillas, grandads... and growing up
food + drinkHow one grocery e-tailer is gearing up for the Yuletide rush
food + drink
travelFor broadcaster Mishal Husain, a long-haul Club Med holiday was a chance for her family to explore its sense of 'zen' and 'animation'
food + drinkFestive snacks don't have to be fiddly, says Bill Granger
Life & Style blogs
- 1 Hundreds arrested as Canadian police smash worldwide paedophile ring
- 2 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 3 Why Barcelona chose Everton to educate their latest prodigy
- 4 Mass murder in the Middle East is funded by our friends the Saudis
- 5 Japan cracks down on leaks after scandal of Fukushima nuclear power plant
- < Previous
- Next >
iJobs Food & Drink
Unpaid: Kaya Responsible Travel: Kaya Responsible Travel offer a variety of sp...
Unpaid: Kaya Responsible Travel: Increases in tourism, the introduction of new...
Unpaid: Kaya Responsible Travel: Volunteer with Kaya in Borneo and work on a p...
£45000 - £55000 per annum + Benefits: Harrington Starr: Data Management & ...