Champagne shipments dropped for the second consecutive year in 2024, declining over 9% annually, according to Comite Champagne. Shipments, excluding 2020's pandemic low, reached their lowest level since 2001 when the 9/11 attacks disrupted the U.S. economy. French shipments hit their lowest point since 1983, excluding 2020. Co-chairman Maxime Toubart of Comite Champagne stated that Champagne reflects consumer sentiment, dampened by inflation, global conflicts, and economic uncertainty. LVMH, the leading Champagne producer, has faced declining sales for two years in its wines and spirits division.
