Canada's Strong Economy Creates Positive Growth for the Wine Sector to 2017
20 August 2013
The Canadian economy has consistently outperformed other western economies for the past few years. This continued strength will boost Wine sales in the country. Research firm Canadean predicts a value Compound Annual Growth Rate (CAGR) of 4.2%, and a volume growth of 3.0% maintaining positive growth to 2017.
Still Wine took the largest share of the sector in 2012, with a value share of 89.2% and an even higher volume proportion of 92.9%. The CAGR is expected to sit above the sector average for both volume and value; 3.1% and 4.4% respectively.
Disappointingly, the Sparkling Wine category is forecast to see the lowest rates for both value and volume in the years to 2017 at 1.8% and 1.5% respectively. Fortified Wine, the smallest category accounted for 2.3% of value and 3.4% of volume in 2012. However, it is projected to have a volume CAGR of 3.8% to 2017, whilst value growth is even better at 5.0%.
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