This study examines the wine revenues of the Rákóczi family and the exchange rates of wines stored in their cellars destined for foreign markets, based on surviving sources from the period between 1660 and 1709. The Rákóczi family, of Transylvanian princely descent, was among the largest...

This article documents the sudden creation of a significant entrepôt for French wine, particularly Bordeaux claret, in Boulogne-Sur-Mer starting in 1720. Scottish Jacobites who practiced a rebellious version of "fair trade" dominated this commerce, and their network had direct links to...

Innovation is essential for addressing the current challenges of the wine sector and ensuring its sustainable future. Law plays a pivotal role in fostering and disseminating innovation. At the same time, innovations can present legislators with significant challenges and cause legal disruption....

Consumers often struggle to make their choice in the highly diversified wine market. With wine being an experience good, consumers must rely on extrinsic characteristics, e.g., information on the label. Thus, easily available quality signals like consumer ratings have become an increasingly...

The global wine trade experienced a decline in volume and value in 2023 due to reduced real incomes, post-pandemic overstocking, and shifting consumer preferences. Non-sparkling red wines were more affected than sparkling wines, white wines and wines in bag-in-box formats, with notable declines...

The objective of this discussion paper is to provide an overview of the state of the global wine sector in 2022 and discuss the effects of recent events on the wine trade’s development. First, long-term trends in the global consumption and production of wine and the development of the...

The aim of the presented text is to evaluate the structure and development of the Czech wine market, foreign wine trade and to analyse the factors shaping domestic demand for wine. The text presents the results of the analysis of primary and secondary data. Time series on the development and...

Viticulture in Romania is a traditional activity, harmoniously developed as a result of the extremely favourable natural conditions that grapevine encounters throughout the country. Viticulture has always taken an important spot in the agricultural economy on a national level as well as...

"The story of the Roman Empire's enormous wine industry told through the remarkable ceramic storage and shipping containers that made it possible. The average resident of ancient Rome drank two-hundred-and-fifty liters of wine a year, almost a bottle a day, and the total annual volume of wine...

Similar to other foods, the concept of natural wine is much debated due to the lack of a clear and regulated definition, leading to a proliferation of heterogeneous norms and standards proposed from different natural wine associations at national levels. The current study explored the aspects...

Consumer interest in organic wine is growing, but the effects of organic label, consumer quality perception and the support for the benefits claim of organic wine are not yet fully understood and at times doubtful. The literature shows a very heterogeneous picture regarding consumer behaviour...

Globalisation, the Internet and social media have changed the kind of actors with influence in the wine industry and the way these actors create signals to communicate credible information about experience and trust attributes. Among the most prestigious experts in the world of wine are the...

This paper aims to analyse the Sparkling Wine international market structure and competitiveness, focusing on the 2004-2018 period. It used the data regarding exports and imports of sparkling wine available in the International Trade Centre’s Trade Map database. The method used to examine...

We develop a simple model of the effects of reputation on wine prices. An increasing fraction of consumers who are quot;naivequot; (less well informed about wine quality) results in a stronger sensitivity of wine prices to ratings of quality. We then use data on prices and Robert Parker's...

How did the wine world market perform in the last decades in terms of production, international trade, prices and consumption? What happened with Argentina’s wine industry in the same period? To answer these questions, we categorize countries and analyze FAO statistics from 1961 on. We verify...

The quality scale of Italian wines is mainly organized in four categories: PDO, PGI, basic and bulk wine. Our analysis explicitly investigates the patterns and determinants of consumption for these four different types of wine by analyzing a representative sample of consumers from a traditional...

Europe is the world's largest wine-producing and wine-exporting region. In recent decades, fostered by the liberalization of international trade, the European wine industry has witnessed an acceleration in its exports, but this increase has been far from steady. It has fluctuated considerably in...

This study offers new insights into the sustainable wine market by exploring consumers' perceptions of product attributes for six categories of wine that have characteristics of sustainability and one conventional wine. The study investigates product-attribute associations that French and...