No 4. Spain
Being the world’s third biggest wine producer, Spain is now China’s fourth biggest wine exporter with 8.64% market share.
Spain exported 64 million liters of wines, worth US$146 million to China last year, up by 57.9% in volume and 49.3% in value respectively, from 2020.
The major driver behind the growth could be the surge in bulk wine exports. In 2021, Spain’s bulk wine exports to China surged by 260.6% in volume to 13.7 million liters.
By value, Spain exported US$7.98 million worth of bulk wine to China, a 237.6% year-on-year increase.
The average price per liter dropped by 5.44% to US$2.27, which is relatively low among China’s top 10 importing countries.
