Chile has positioned itself as a leading fine-wine producer and exporter, surpassing Australia in the Chinese market due to favorable trade agreements. Despite a small harvest in 2023, Chile’s wine exports to China exceeded those to the UK and US. Noteworthy figures like Masters of Wine are promoting Chilean wines, indicating a shift in perception and increasing recognition of their quality.
Chile has emerged as a significant player in the global wine market, known for its excellent wine exports. While it competes closely with Australia as the fifth largest wine producer overall, it proudly stands as the fourth largest exporter. Chile’s strategic free-trade agreement with China has greatly benefited its market presence there, enabling it to surpass Australia as the second largest wine supplier to China after France, especially due to the latter’s temporary barriers against Australian wines.
In 2023, despite a notably small harvest, Chile managed to send more wine to China than to traditionally dominant markets such as the UK and the US. Nevertheless, the UK remains an enthusiastic importer, showing a consistent interest in Chilean wines. Americans generally perceive Chilean wine as affordable, but this perception may be shifting due to recent recognitions, such as the selection of Don Melchor 2021 as Wine Spectator’s wine of the year.
Prominent figures in the industry, such as Masters of Wine Peter Richards and Susie Barrie, have been instrumental in championing Chilean wines in the UK. Their recent tasting event in London showcased 53 wines classified as the Chile Wines of the Year, attracting considerable attention from trade buyers.
The tasting mainly featured red wines, with 35 varieties on display, while sparkling and rosé wines were notably absent. The highlighted reds included impressive Cabernet Sauvignon varieties, particularly the 2022 Memorias blend by El Principal, which has gained attention for its quality. The most renowned wine districts around Santiago, such as Pirque and Puente Alto, are recognized for their suitable conditions for growing Cabernet due to their geographical characteristics.
In summary, Chile has solidified its reputation as a fine-wine producer, particularly in the premium export sectors. Its export success, particularly to China, illustrates the significant impact of strategic trade relations. Mastery in Cabernet production further emphasizes Chile’s capability in producing quality wines that appeal to diverse markets. As the palate for Chilean wines grows, they may continue to gain prominence globally, particularly within the UK and America.
Original Source: news.wine.co.za
