11/19/2020 – The German Wine Institute (DWI) is pleased to report that the reserves of domestic wines were significantly reduced in the last wine year due to strong local sales.
As a publication by the Federal Statistical Office revealed, the quantities of stored German wines and sparkling wines as recorded on July 31, 2020, had decreased by 7.4 percent. The wine stock is now 8. 4 million hectoliters, that is, 0.7 million hectoliters less than the previous year.
Indication of good sales of German wines
After the unusually large harvest of the 2018 vintage, when more than 10 million hectoliters were produced, the stocks of German wines had reached a comparatively high level of 9.1 million hectoliters. The declining numbers are another indication of good sales of domestic wines, as the DWI had already reported in August, based on the Nielsen Household Panel for the first half of 2020.
Interestingly, the wine stocks of foreign origin shifted in the opposite direction and increased from 3.7 to 4 million hectoliters. This leads to a total stock of 12.4 million hectoliters of wine, half of which is divided between the producers and the trade. At the time of the previous year’s survey, 54 percent of all wines were still being stored by the producers.
A breakdown of these reserves by type of wine, shows that 59 percent of the stored wine was white and 41 percent red. Sparkling wines made up around a fifth of the total stock, while the proportion of sparkling wines of German origin was 0.6 million hectoliters or five percent.