A、It saw the end of its booming years worldwide. B、Its production and sales reached record levels. C、It became popular in some f

W: Mr. White, What changes have you seen in the champagne market in the last ten to fifteen years?
M: Well, the biggest change has been the decrease in sales since the great boom years of the 1980s when champagne production and sales reached record levels.
W: Which was the best year?
M: Well, the record was in 1989 when 249 million bottles of champagne were sold. The highest production level was reached in 1990 with a total of 293 million bottles. Of course since those boom years, sales have fallen.
W: Has the market been badly hit by the recession?
M: Oh, certainly. The economic problems in champagne’s export markets, that’s Europe, the United States, Japan, and of course, the domestic market in France. The economic problems have certainly been one reason for the decrease in champagne sales.
W: And the other reasons?
M: Another important factor has been price. In the early 90s, champagne was very overpriced, so many people stopped buying it. Instead, they bought sparkling wines from other countries, in particular, from Australia, and Spain. And then, there was another problem for champagne in the early 90s.
W: What was that?
M: There was a lot of rather bad champagne on the market. This meant the popularity of good sparkling wines increased even more. People were surprised by their quality, and of course they were a lot cheaper than champagne.
W: Do you think the champagne market will recover in the future?
M: Oh, I’m sure it will. When the economic situation improves, I believe the market will recover.