Showing posts with label IVV. Show all posts
Showing posts with label IVV. Show all posts

Douro wine's exports rose 17%

Great news for Douro wines!


Exports have risen 17% in the first semester of 2014 compared to 2013. The President of Instituto da Vinha e do Vinho told the media that the Douro wines are growing due to the international and national recognition that they have been awarded is the past few years. Last year, for the first time, Douro Wine made more than 100 million euros in sales. Angola, Canada, United States of America, Germany and Switzerland are the country that have seek out more of this kind of wines.

Douro wines exports rose 17%
Douro wines exports rose 17%
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Promoting wines from Douro has been the main focus of various enterprises that deal in wine exportation. They have really done their jobs well. Of course, Douro wines doesn't owes all to marketing and promotion. Much of the success this wine are having are due to the hard work of its producers and to the quality of theirs grapes varieties. Portugal is in high demand and specially northern Portugal seems to have stricken a cord amongst tourists everywhere.

The President of IVV concludes that there might be no wine lover that doesn't have a positive impression of the DOP wine from Douro. “You just have to take a look at comments, articles, ratings and medals to see that these wines are winners everywhere."

New record for wine exports

Portuguese wine exports grew by 2.4 % in 2013, setting a new national record of 724 million of euros, according to the president of the Instituto da Vinha e do Vinho in the inaugural conference of Uva d’Ouro.

This growth has encouraged domestic wine producers and distributors to participate in international events in order to establish a connection with potential importers and as a way to boost the appreciation of "Made in Portugal” wines. “Despite the fall in domestic consumption, it did not affect exports and the image of Portuguese wine out there", explained the president of the IVV, Frederico Falcão.

Barriers to export

China is an emergent market for portuguese wine
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Excluding the usual cultural barriers, the president of IVV explained that exporting requires an investment of time and capital. "You have to know the market, establish trusts, measure the result of actions, all of this could take years," recalls Frederick Falcão.

Manuela Cabral, president of the Douro and Porto Wine Institute emphasizes the cultural barriers and the different forms of closing a deal in, for example, eastern markets. There is a need to study these cultures and to find a way to make them more receptive to western products. "These different realities can be beneficial because when a wine is well known recognized in a certain country could pave the way for other portuguese wine" claims the president “and could even pave the way for other portuguese products and wine tourism too".

Relevant domestic consumption

The domestic consumption of wine fell by 5 % in Portugal especially with the decreasing sales in the horeca channel and the retail trade. "The portuguese consumer is on a basic state" said the chairman, Manuela Cabral, “but it has potential to grow."

Producers and distributors have not lost sight of trends in the domestic consumption. Despite being a sector hit by the economic crisis, about 77 % of wine sales take place in supermarkets and 33 % of retail sales are done in the format of bag in box. The president of the Douro and Port Wine Institute also noted that portuguese consumers are sensitive to consumer promotional activities.

Strengthening the Portugal brand

Sonae, together with various media organs, organized the Uva d’ouro iniciative that aims to meet the existing need of the customer to easily identify award winning wines on the shelves of supermarkets. The experience had a positive return for Sonae which saw sales increase once the awarded wines were easily identifiable.

"Wine’s category is one of the most important for a chain of hypermarkets because it’s one that creates very strong emotional bonds with customers," reinforce João Paulo, Marketing Director of Sonae. “We already know that the portuguese wine has great quality and we appreciate it” he adds further, “the creation of strong brands, as we are doing, has an important part in improving the brand 'Portugal', out there".