Sales of champagne fell by 4.4 percent in volume terms last year, but increased exports helped compensate for sagging European consumption and kept revenue flat at 4.37 billion euros ($5.86 billion), a trade association said Tuesday.
The slide in annual sales to 308.8 million bottles in 2012 was primarily due to the sharp 13.3 percent fall in European sales and a 8.8 percent fall in France in December, the Champagne Wine Professionals Committee (CIVC) said Tuesday.
Exports of the high-end French sparkling white wine rose by 3.2 percent however to reach a record high of 61 million bottles.
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