RURAL LAND IN 2017 IN 2016 - BNP Paribas€¦ · wine market Digital technology is revolutionising the world wine market producers private sales wine merchants large retailers wine

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