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Trends versus cycles in global wine export shares

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  • Labys, Walter C.
  • Cohen, Bruce C.

Abstract

The global wine market has witnessed major changes in recent years. Some of these changes are structural in nature or trend-following, whereas others are cyclical. Recently, new market entrants have increased their exports not only to traditional European markets but to other importing regions as well, whereas Old World producers have experienced declining market shares. However, the evidence examined here suggests that market share data also contain strong cyclical components. Mixed results also occur when the wine export data are disaggregated into products. This paper employs econometric methods to analyse the recent major shifts in world wine market shares and explains whether these are more of a secular trend-setting nature or of a temporary cyclical nature.

Suggested Citation

  • Labys, Walter C. & Cohen, Bruce C., 2006. "Trends versus cycles in global wine export shares," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(4), pages 1-11, December.
    • Handle: RePEc:ags:aareaj:116981
    DOI: 10.22004/ag.econ.116981
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    1. repec:bla:ausecr:v:34:y:2001:i:2:p:179-189 is not listed on IDEAS
    2. Glyn Wittwer & Nick Berger & Kym Anderson, 2019. "A Model of the World’s Wine Markets," World Scientific Book Chapters, in: Kym Anderson (ed.), The International Economics of Wine, chapter 1, pages 3-26, World Scientific Publishing Co. Pte. Ltd..
    3. Linda F. Bisson & Andrew L. Waterhouse & Susan E. Ebeler & M. Andrew Walker & James T. Lapsley, 2002. "The present and future of the international wine industry," Nature, Nature, vol. 418(6898), pages 696-699, August.
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    Cited by:

    1. Ping Qing & Aiqin Xi & Wuyang Hu, 2015. "Self-Consumption, Gifting, and Chinese Wine Consumers," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(4), pages 601-620, December.
    2. Astrid Fliessbach & Rico Ihle, 2020. "Cycles in cattle and hog prices in South America," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1167-1183, October.
    3. Luigi Cembalo & Francesco Caracciolo & Eugenio Pomarici, 2014. "Drinking cheaply: the demand for basic wine in Italy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(3), pages 374-391, July.
    4. Lamonaca, Emilia & Seccia, Antonio & Santeramo, Fabio Gaetano, 2023. "Climate cha(lle)nges in global wine production and trade patterns," MPRA Paper 119296, University Library of Munich, Germany.
    5. Qing, Ping & Hu, Wuyang, 2016. "Chinese Consumer Preference for Red Wine Attributes," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235477, Agricultural and Applied Economics Association.
    6. Seccia, Antonio & Santeramo, Fabio Gaetano & Nardone, Gianluca, 2015. "Trade competitiveness in table grapes: a global view," MPRA Paper 70931, University Library of Munich, Germany.
    7. Noa Ohana-Levi & Yishai Netzer, 2023. "Long-Term Trends of Global Wine Market," Agriculture, MDPI, vol. 13(1), pages 1-26, January.

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