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    Home > Headlines > French cognac exports slump in 2024 as Chinese measures weigh, data shows
    Headlines

    French cognac exports slump in 2024 as Chinese measures weigh, data shows

    Published by Global Banking and Finance Review

    Posted on February 5, 2025

    2 min read

    Last updated: January 26, 2026

    A visual representation of French cognac bottles, symbolizing the significant drop in exports to China in 2024 due to economic challenges and anti-dumping measures. This image highlights the ongoing trade issues affecting the cognac industry.
    French cognac bottles representing declining exports to China - Global Banking & Finance Review
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    Quick Summary

    French cognac exports to China dropped by nearly 25% in 2024 due to economic issues and anti-dumping measures, affecting global trade.

    French Cognac Exports Drop in 2024 Due to Chinese Trade Issues

    By Alban Kacher

    (Reuters) - The value of French cognac exports to China fell by nearly a quarter last year as the Chinese economy struggled and Beijing imposed anti-dumping measures on European brandy exports, according to data shared by an industry lobby group on Wednesday.

    French cognac makers' global exports dropped by 10.6% in value from 2023, data from the Bureau National Interprofessionnel du Cognac (BNIC) shows.

    The fall was driven by a 24.2% decrease in the value of exports to the Far East region, mainly represented by China, the largest market for cognac by value, which dropped 23.8% year-on-year, and 9.6% by volume.

    BNIC attributed the fall to a difficult Chinese economic recovery and the effect of anti-dumping measures.

    "The sharp fall in our shipments to China since last October makes a rapid political solution to the problem of Chinese taxes more necessary than ever," it said.

    The body said it now expects a period of greater stability for the French government and planned bilateral negotiations with Beijing "must now get underway".

    French President Emmanuel Macron said in early January that Prime Minister Francois Bayrou will travel to China to try to discuss the trade dispute.

    ($1 = 0.9599 euros)

    (Reporting by Alban Kacher)

    Key Takeaways

    • •French cognac exports to China fell by nearly 25% in 2024.
    • •Chinese economic struggles and anti-dumping measures impacted exports.
    • •Global cognac exports dropped by 10.6% in value.
    • •BNIC calls for political solutions to Chinese trade barriers.
    • •French government plans negotiations with Beijing.

    Frequently Asked Questions about French cognac exports slump in 2024 as Chinese measures weigh, data shows

    1What is the main topic?

    The main topic is the decline in French cognac exports to China in 2024 due to economic challenges and anti-dumping measures.

    2Why did French cognac exports decline?

    Exports declined due to China's economic struggles and the imposition of anti-dumping measures on European brandy.

    3What is the BNIC's response to the export slump?

    The BNIC is advocating for political solutions and bilateral negotiations with China to address trade barriers.

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