china industry reports The demands for the grape wines are accelerated gradually in China. Although the consumption volumes of the grape wines per capita in China vary from the world’s average level, the total consumption volumes keep rising in Chinese market.
In the beginning of 2008, Hong Kong government announced to cancel the import duties of the grape wines, which attracted the manufacturers, investors and dealers to invest in Chinese superior quality grape wines. The policy also was favorable for more high quality grape wines to enter Chinese market through Hong Kong. The imported grape wines will strike the domestic grape wines in price, quality and diversity and stimulate the enhancement of the general consumption level and volumes of the grape wines in China.
2012 china Consumer Goods Reports While difficult to assess with 100% accuracy, popular reports place the value of the Chinese grape wine market around CNY75 billion (roughly US$10 billion) in 2009. For the purposes of this report the more conservative estimate given by Datamonitor, and its supporting statistics were used more widely. However, growth projections, key products, key players and key considerations were common to most sources.
Overall volume sales of grape wine saw a 32% increase from 2008 to 2009, mainly from the sale of still wine. The average annual expenditure per capita on wine in 2009 was CNY56 (roughly US$8.5). The Compound Annual Growth Rate (CAGR) of average per capita expenditures on wine from 2004 through 2009 was 13.9%. Spending on still wine was the highest at CNY52.4 (roughly US$7.9) per capita per year.
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