Glimmers of Hope for Wine & Spirits Sales in the On-Trade

Wine & Spirits sales on trade

A new report by on-trade data analysts, CGA, shows that between 2013 and 2014, wine and spirits generated an estimated £280 million revenue increase for bars and restaurants.

 

CGA predicts that wine sales will increase from 18% across the UK on-trade to nearly 20% by 2018, while spirits will increase from 22% to 24%. Conversely, during the same period they estimate beer and lager sales will slide from 50% to 47%.

This shift in sales could have been driven by newly-opened bars and restaurants, as CGA found wine sales accounted for 22% of sales compared to 40.2% for beer and cider. When compared with the sales of pubs who are going out of business, a pattern begins to emerge: wine sales accounted for just 12.3% of sales while beer and cider accounted for 58.5%.

With the budget due to be released on 19 March, let’s hope the chancellor doesn’t see these rays of light as an opportunity to maintain the duty escalator.

Author:
Ryan Fuller
Date:
18th March 2014


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