Forecasts by wine market analysts suggest the volumes produced globally will be back to pre-Covid levels within three years, with bubbly being a year earlier. Photo: Shutterstock
Forecasts by wine market analysts suggest the volumes produced globally will be back to pre-Covid levels within three years, with bubbly being a year earlier. Photo: Shutterstock
Neil Newman
Opinion

Opinion

Abacus by Neil Newman

Follow the bubbly trend – Asia’s getting a kick from champagne

  • Mere alcohol doesn’t thrill them at all as the region shifts towards social wine drinking, with bubbly leading growth markets as populations grow more affluent
  • Amid this trend, the world’s sixth-largest grape wine producer, China, suddenly imposed high import duties on Australian wines, sending a warning to producers

Forecasts by wine market analysts suggest the volumes produced globally will be back to pre-Covid levels within three years, with bubbly being a year earlier. Photo: Shutterstock
Forecasts by wine market analysts suggest the volumes produced globally will be back to pre-Covid levels within three years, with bubbly being a year earlier. Photo: Shutterstock
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