china wine market analysis china comes to grape wine consumption ...

china wine market analysis China is a star of the show where it comes to grape wine consumption. According to figures released by Vinexpo Asia-Pacific in Tokyo, wine consumption in China soared 61.8% between 1994 and 2000 – at a time when global output had been rising a timid 6.5% between those years.Experts predict a 16.4% growth in wine consumption in Asia by 2006, making the entire region also one of the fastest growing wine consumer centres in the world.China Wines Information reported earlier this month that Wang Xinguo, President of the China National Association for Liquor and Spirits Circulation, spoke about the situation for local wine brands, saying that some Chinese consumers do not display maturity in their choices, with many “blindly worshipping” international brands of wines, which is another reason why imported foreign wines are in vogue.

china macroeconomic research Demand for wine in mainland China, which has grown rapidly over the past few years, remains strong, helping to keep Hong Kong a pre-eminent global wine hub even as global economic uncertainty cuts demand for luxury goods.Imports to the teeming city surged 57 percent in the first nine months of 2011, year on year, to $US940 million, with imports seen from all major wine-growing regions including France, Italy, Australia and South America.Despite the growth in wine-producing regions, European nations, including France, Spain and Italy, remained at the top of the list of global grape growers in terms of vineyard area in 2009, industry data showed.

2012 China Beverage & Food Reports CHINA’S wine production is growing so rapidly it could overtake Australia in the next three years, a new industry report shows.A report by French wine exhibition organisers Vinexpo shows China produced 72 million cases of wine in 2009, up 28 per cent from the previous year.Denis Gastin, a commercial wine writer who regularly travels to China, said the increase was driven by growth in the Chinese domestic market.He said Australian consumers were unlikely to see bottles of Chinese wine hitting the shelves in the immediate future. “Some Chinese labels have exhibited internationally and sold a tiny amount of wine,” Mr Gastin said.“But that is not the focus of the industry at the moment. The motivation was more to show Chinese drinkers local growers could compete internationally.”