Italy has overtaken Burgundy as the region with the second highest average monthly trade share as activity for Bordeaux continues to dip. So far in 2015 Italy has accounted for an average of 7% of activity compared to Burgundy’s 6.7%.
Italy’s share has been boosted by high levels of activity for Sassicaia: the estate’s 2011 and 2012 vintages haven been the two most traded Italian wines so far in this year. In third place is Argiano, Brunello Montalcino 2010 which saw a flurry of trade in early 2015 when the Tuscan DOCG’s latest vintage was released with significant critical acclaim. (This topic was explored in depth in March’s Cellar Watch Market Report).
Champagne and wines from ‘other’ regions have also gained ground amid Bordeaux’s decline. Champagne’s share has risen from an average of 1.4% in 2010 to 5.5% so far in 2015 while wines from ‘other’ regions – including Australia and the USA – have seen a similar increase in demand. The Rhone has lost the momentum built up over recent years.