PORT WINE DYNAMICS: PRODUCTION, TRADE AND MARKET STRUCTURE

João Rebelo () and Leonida Correia ()

Regional and Sectoral Economic Studies, 2008, vol. 8, issue 1, 99-114

Abstract: In the last decades the world has seen some acceleration in the process of internationalization, affecting virtually all industries. The wine sector is no exception, witnessing increased exports and imports and a movement of mergers and acquisitions. Among European wines, Port Wine can be seen as a representative case of integration in international markets, with about 90% of its production to be exported. After the World War II, although the Port Wine activity has been subjected to cycles there has been a trend towards a continued increase in production and exports, stabilization of real market prices and a slight increase in the real prices paid to grape growers, leading to positive economic effects for Port Wine firms and grape growers.

Keywords: wine; Douro; dynamics; market; concentration (search for similar items in EconPapers)
JEL-codes: C22 L11 O18 (search for similar items in EconPapers)
Date: 2008
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