Chinese Wine Market 2019
Exports to china represent less than 1 of us production but the long term concerns should not be underestimated rabobank said.
Chinese wine market 2019. Between 2017 and 2018 us wine imports to china fell 25 by value. And in the first four months of 2019 they have been down by 58 7. Since 2010 the volume of wine sales in china has increased 132 reaching 2 466 million litres in 2015.
The domestic wine production has expanded immensely. The wine production in china is on a very minuscule level and the chinese usually prefer imported wines causing the wine import levels in the country to shoot up yearly. But it may take 5 to 10 years or longer.
China s wine market has not aged well of late. 8th july 2019 by ben young. Imported wines account for around 40 of the chinese wine market.
Subscribe to receive the latest news from wine australia. The biggest winners in the chinese wine market have been australia who is benefiting from a successful free trade agreement. Wine intelligence chinese wine market landscapes report june 2017.
Double digit growth for bottled imports was the norm for a dozen years but 2018 saw volume drop 9 percent and value flatline versus 2017. The market volume of wine in china was estimated to reach approximately 4 32 billion. The growth in consumers such wine has slowed.
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