High-end wines have risen to a higher level of pricing throughout the past five years. This is all according to the newest reports from Silicon Valley Bank. In a benchmark report, there has been purchase growth by a dollar value that has long exceeded growth in volume. By that rate, there have been plenty of customers spending more than $11 on newer bottles and better wine. High-end wine is progressing forward positively. Of course, within a difficult economy, the ones initially impacted in the economy happen to be on the low-end of the wage scale. What can be done? Some individuals are more beer-friendly, some others are wine-friendly. In the case of some Southern Arizona wineries, it only goes to show how Arizona wineries had been better discovered. Depending on the socioeconomic market, there are several examples of how other vineyards have long been consistent with the consistent results of the wine market.
Wine has been long damaged by the effects of COVID-19.
Of course, the economy while slow-to-recover has also shown gas prices. This has therefore limited customers’ incentive in order to travel so far into Downtown Tucson for a bottle of wine.
In the local vineyard of Sonoita, those wines have been selling between ranges of $14 and $30, with a higher priced red port costing anywhere around $64. This is all categorizing consumers in an area between blue-collar drinkers and premium wine drinkers. Many would say that wine is a necessary addition to life. Of course, there are plenty of people that would have to cut costs for the sake of driving far and wide.
Of course, with supply chain slowdowns, the winemakers have been having to deal with new ordeals in the business.
Late summer to early fall is the peak season for winemakers. It’s when the picking, processing, bottling, and shipping for the latest vintages happens