European wine consumption is declining
According to forecasts, wine consumption in the European Union will decrease by about 8 percent this season due to the coronavirus epidemic – we read on blog.syngenta.hu.
The closure of bars, restaurants and tourist services is reducing the European population’s desire to drink wine. Although 70 percent of wines are increasingly being consumed in retail sales, this will not be enough to make up for lost revenue from restaurant consumption.
According to surveys, consumers bought mainly average-priced wines during this period, with champagne sales falling sharply.
Related news
The interests of farmers must be placed at the center of the common agricultural policy
Farmers and farmers’ interests must once again be placed at…
Read more >One-fifth of Hungarians aren’t careful enough when shopping online
Nearly three quarters of Hungarians regularly shop and pay online…
Read more >MPL decree won’t disrupt the delivery market
From 28 March 2024 online shops are obliged to also…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >