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- Silicon Valley Bank releases 'State of Industry' report
http://biz.yahoo.com/prnews/080506/aqtu015.html?.v=58
I need to get my hands on this for a blog post. Can someone either send me a copy if you have it to hand, or else i'll track it down from SVB directly. Thanks
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3027
- Reply by Philip, May 7, 2008.
People rarely define how large the online wine market is. I've heard $1bn in the US, and I would have guessed $2bn worldwide. Wine intelligence claims $1.4bn, but I dont know if thats UK, Europe, or Global.
http://www.offlicencenews.co.uk/articles/61020/Silver-surfers-spike-online-drinks-sales.aspx?categoryid=9059
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1245 - Reply by mark, May 7, 2008.
Did you get a copy of the SVB report? I'd like to take a look as well.
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3027
- Reply by Philip, May 7, 2008.
I emailed SVB and asked for my press copy, but they are either getting to my email, or thought who the hell is this snooth dude and trashed my mail...
I actually have the email of the guy who actually wrote the report - i'm going to bug him directly if i dont get a copy in a few days
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11 - Reply by larrychandler, May 7, 2008.
I'll email you a copy, Philip.
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3027
- Reply by Philip, May 9, 2008.
I read through this last night. The basic highlights were that:
- Below $10 and between $25 and $60 priced wines are likely to be most affected by the recession
- Consumer demand focussing on the $9-$14 price range
- People who spend over $100 on a bottle of wine care not about the recession!
- Same as last year there's a shortage of Pinot Noir and Chardonnay (and good Cabernet), but too much Merlot being produced still
- Volume wise, people still drink during recessions. They may dine out less and buy less pricey wines, but overall volume doesnt change much. So whilst not recession proof, in the key price ranges it's close to that
- $9 -$15 wines are still growing in the double digit growth rates
- Imported wines now make up 30% of the market (by sales). This is an all time high
