RURAL LAND IN 2017 IN 2016 - BNP Paribas€¦ · wine market Digital technology is revolutionising...
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RURAL LAND IN 2016 FARMLAND THE 2017 HARVEST: XXXXXXXXXXXXXXXXXXXXXXXXXXXXX WHEAT XXXXXXXXXXXX CORN XXXXXXXXXXX RAPESEED XXXXXXXXXXXXXXX 753 million tonnes (worldwide) 37.7 million tonnes (France) 5.0 million ha (France) 73.5 q/ha: average crop yield,i.e. a drop of 37.74% vs. 2015 (vs.53.6 q/ha) in France €160.75/tonne in 2017 vs. €169/tonne in 2016 Rural land: XXXXXXXXX 65.0 million tonnes (worldwide) 5.4 million tonnes (France) €347/tonne in January 2017 vs. €373/tonne in January 2016 1,053.8 million tonnes in 2016 (worldwide) 13,9 million tonnes in 2016 (vs. 13 million tonnes in 2015) in France 1.45 million ha in France 96.0 q/ha (-2 q/ha) Sources: Valeurs Vénales 2016,FranceAgriMer VINEYARDS WINE: 2017 WAS A VERY GOOD VINTAGE YEAR DESPITE THIN VOLUMES Loire Valley from 17,980 to 65,360 Bordeaux from 25,600 to 2,704,000 Champagne 1,526,750 Burgundy/Beaujolais from 21,730 to 12,800,000 Côtes du Rhone from 30,280 to 1,275,000 Provence from 61,440 to 165,750 Prices in France +3.7% annual increase over the past 10 years +3.0% annual increase over the past 10 years (excluding Champagne) Worldwide wine production 246.7 million hectolitres,i.e. a drop of -8.2% vs. 2015 FORESTS TIMBER MARKET: PRICES HAVE FALLEN (EXCEPT FOR OAK) Forests covering > 100 ha • 130 transactions • 20,600 ha approx. 18.8% of total sales, but less than 0.5% of total forest land Prices are rising €152.25/tonne in January 2017 vs. €162/tonne in January 2016 Farmland prices in France and % growth 2017 prices €6,090 /ha €4,830 /ha €7,350 /ha 2008 % change in prices over 10 years 2016- 2017 FREEHOLD LAND +5.5% +1.1% FREEHOLD GRASSLAND +4.3% FRANCE AVERAGE + 5.0% +0.9% +0.6% HARDWOODS * Oak Ash Poplar SOFTWOODS * Common spruce Douglas fir Maritime pine +8% +5% +0% +5% +4% +6% 38.0 q/ha: average crop yield, i.e. a drop of 26.67% vs. 2015 (vs’30,6 q/ha) in France Average prices are rising ITALY FRANCE SPAIN 35.6 million hectolitres -16 % vs. 2016 -5 % vs. the 5 previous years Record French exports French production Price €/hectare €4,000 /hectare (average price in 2016) but the price rises to €12,040 /hectare for high-quality forests * change between 2016 and 2015 prices 1 st AERONAUTICS 2 nd WINE & SPIRITS 3 rd PERFUMES & COSMETICS 39.3* 33,5* 35.6* Source: Valeurs Vénales * million hectolitres RURAL LAND IN 2017
Transcript of RURAL LAND IN 2017 IN 2016 - BNP Paribas€¦ · wine market Digital technology is revolutionising...
RURAL LANDIN 2016
FARMLAND THE 2017 HARVEST: XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
WHEATXXXXXXXXXXXX
CORNXXXXXXXXXXX
RAPESEEDXXXXXXXXXXXXXXX
753 million tonnes (worldwide)
37.7 million tonnes (France)
5.0 million ha (France)
73.5 q/ha: average crop yield,i.e.a drop of 37.74% vs. 2015 (vs.53.6 q/ha) in France
€160.75/tonne in 2017vs. €169/tonne in 2016
Rural land: XXXXXXXXX
65.0 million tonnes (worldwide)
5.4 million tonnes (France)
€347/tonne in January 2017vs. €373/tonne in January 2016
1,053.8 million tonnes in 2016 (worldwide)
13,9 million tonnes in 2016 (vs. 13 million tonnes in 2015) in France
1.45 million ha in France
96.0 q/ha (-2 q/ha)
Sources: Valeurs Vénales 2016,FranceAgriMer
VINEYARDS WINE: 2017 WAS A VERY GOOD VINTAGE YEAR DESPITE THIN VOLUMES
Loire Valley
from 17,980to 65,360
Bordeaux
from 25,600to 2,704,000
Champagne
1,526,750
Burgundy/Beaujolais
from 21,730to 12,800,000
Côtes du Rhone
from 30,280to 1,275,000
Provence
from 61,440to 165,750
Prices in France+3.7% annual increase over the past 10 years +3.0% annual increase
over the past 10 years(excluding Champagne)
Worldwide wine production246.7 million hectolitres,i.e.a drop of -8.2% vs. 2015
FORESTS TIMBER MARKET: PRICES HAVE FALLEN (EXCEPT FOR OAK)
Forests covering > 100 ha • 130 transactions
• 20,600 ha
approx. 18.8% of total sales, but less than 0.5% of total forest land
Prices are rising
€152.25/tonne in January 2017vs. €162/tonne in January 2016
Farmland prices in France and % growth
2017 prices
€6,090/ha
€4,830/ha
€7,350/ha
2008 % change in prices over 10 years
2016-2017
FREEHOLD LAND +5.5% +1.1%
FREEHOLD GRASSLAND +4.3%FRANCE AVERAGE +5.0% +0.9%
+0.6%
HARDWOODS*
OakAshPoplar
SOFTWOODS*
Common spruceDouglas firMaritime pine
+8%+5%+0%
+5%+4%+6%
38.0 q/ha: average crop yield,i.e. a drop of 26.67% vs. 2015 (vs’30,6 q/ha) in France
Average prices are rising
ITALYFRANCE
SPAIN
35.6 million hectolitres
-16%vs. 2016
-5%vs. the 5 previous years
Record French exports French production
Price €/hectare
€4,000 /hectare(average price in 2016)but the price rises to
€12,040 /hectarefor high-quality forests
*change between 2016 and 2015 prices
1st
AERONAUTICS 2nd
WINE & SPIRITS
3rd
PERFUMES & COSMETICS
39.3*33,5*35.6*
Source: Valeurs Vénales
*million hectolitres
RURAL LANDIN 2017
Contact Agrifrance • Tel: +33 1 42 98 43 51 • Email: [email protected]• Site web: http://wealthmanagement.bnpparibas/fr.html
BEST GLOBAL INTERNET COVERAGE
#1 #2 #3 #4 #5AUSTRALIA NEW
ZEALANDFRANCE US UK
25.20% 20.90% 20.50%
12.70% 9.60%
FRENCH PEOPLE USING THE INTERNET DAILY
@21 MILLION,
33.9%i.e.
€ 9.8billion in5% of wine sales2016
€ 10billion in 2017
Global online wine sales
€1.4 billion 9.4% of wine sales
annual growth
+30%
Online wine sales in France
HYPERMARKETS
SUPERMARKETS
HARD DISCOUNTSTORES
LOCAL STORES
SPECIALISED STORES
OTHER
PURE PLAYERS
45%23%14%
7%
6%
4%1%
Volume of still wine sales in quantity in 20160
200
400
600
800
1000
1200
1400
2007
sales (€m) number of market players
2008 2009 2010 2011 2012 2013 2014 20172015 2016
Growth and turnover of operators on the French e-commerce wine market
Digital technology is revolutionising the world wine market
producers private sales
wine merchants
large retailers
wine clubs
wine auctions
50%36% 32% 30%
17% 17%
Websites used to buy wine
