Posts Tagged ‘Bank’

The US wine industry report.

The US wine industry report.

 

Silicon Valley Bank’s annual State of the Wine Industry Report forecasts 4-8% sales growth in wine for 2013. The report identifies trends and addresses current issues facing the U.S. wine industry, offering data and observations that help that wineries can use to develop their business strategies.

Silicon Valley Bank’s wine report is based on its in-house expertise as one of the largest bankers to the West Coast wine industry for nearly 20 years, a proprietary database of more than a decade of winery financials, ongoing research, and an annual survey of 450 West Coast wineries.

 

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Click to download a PDF of the report:

 

Click thumbnail to view the full-size infographic

Click thumbnail to view the full-size infographic

 

 

 

Bulk wine imports more than doubled in the United States this year because of competitive pricing and changing consumer attitudes, according to a new survey from Silicon Valley Bank.
Silicon Valley Bank’s annual State of the Wine Industry survey – published yesterday – noted that bulk wine imports to the US ‘soared’ in 2012 as compared to the previous year, ‘from 13.7m cases, to 31.5m cases, and totalling over 40m cases in the past 12 months.’

According to the survey, the increase is due to higher domestic demand, better access to foreign bulk and favourable exchange rates.

In spite of a high-quality and high-volume California harvest in 2012, survey authors predict a continued increase in bulk imports this year, especially if the dollar strengthens.

Chile, Argentina and Australia were responsible for 75% of all bulk imports to the US in 2012.

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