受贸易摩擦冲击，法国葡萄酒及烈酒出口连续第三年下滑

Core Insights - The French wine and spirits export sector is facing significant challenges, with exports declining for the third consecutive year in 2025 due to tariffs imposed by the U.S. and China [1][3] - In 2022, the export value dropped by 8% to €14.3 billion (approximately $17.03 billion), and the export volume decreased by 3% to 168 million cases [1][3] - Cumulatively, since 2022, the export value has fallen by 17%, causing the sector to drop from the second largest export category to the third, behind aerospace and cosmetics [1][3] Export Performance - The export value to the U.S. plummeted by 21% to €3 billion, with the volume falling below 30 million cases, significantly impacted by increased tariffs [1][3] - The flagship category, Cognac, experienced a 15% drop in export volume and a 24% decline in export value, marking it as one of the biggest victims of escalating trade tensions [2][4] - Exports to China are projected to decline by 20% in 2025, reaching €767 million, primarily due to anti-dumping duties affecting Cognac and other grape-based spirits [1][3] Market Outlook - The FEVS president, Gabriel Picard, indicated potential benefits from new trade agreements between the EU and India, as well as the Southern Common Market, which could stimulate demand in those regions [1][3] - Despite the challenges, exports within Europe remained stable at €4.1 billion, with markets like the UK showing resilience and a 3% increase in volume [2][4] - Exports to South Africa surged by 22% to €182 million, with strong growth also seen in Vietnam, the Philippines, and Australia, providing diversification opportunities amid declining traditional markets [2][4]