Monday 8 October 2007

WINE MARKET

In Canada wine sales have surpassed those of spirits for the first time.

The Canadian wine industry underwent a significant transformation in the late 1980s and early 1990s as growers introduced wine quality grapes to replace the native Labrusca grape.

Between 1997 and 2005 the industry's real GDP grew at an average 7.1% as opposed to 3.0% for Canadian industry as a whole.

Statistics Canada reports that the value of wines sold in 2005 surpassed the value of spirits for the first time but at 25.2% still lagged beers which represented 50.4% of the alcoholic beverage market.

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