Australian wine exporters encountered another difficult year in 2022 amid rising inflation, costs and interest rates while its exports to China dropped to a new low, the latest data released by the country’s wine trade body has revealed. Read More
Market analysis
China’s wine trade is sanguine about a long-awaited reboot in wine market this year after the country abandoned its zero-covid policy, but the optimism is tempered with caution as the recovery will likely be rocky. Read More
Uncertainties loom over China’s wine market despite swift reopening amid a set of alarming data that showed disappointing import figures and large-scale losses suffered by the country’s wine importers. Read More
Fujian, the coastal province that sits across Taiwan, is an important wine consumption market in China that should be on any merchant and winery's radar. Did you know that unlike most Chinese provinces Fujian's wine consumption outweighs Baijiu? Read More
While Burgundy and Champagne continuously build on last year’s momentum, 2022 Liv-ex Power 100 ranking saw Bordeaux further losing attractiveness with no single wine from the region on the top 10 list for the first time, says Liv-ex. Read More
China's largest wine and spirits fair in Chengdu ended with possibly its weakest performance yet, with exhibitors and visitors reporting the "bleakest show ever", as it also faces a RMB 5 million lawsuit. Read More
Decline is accelerating for China’s wine and spirits imports in the January-August period, sending worrying signs to the country’s drinks trade that has been pummelled by the onslaught of the country’s strict covid restrictions, supply chain price hikes and logistics nightmares for almost 3 years. Read More
In one of its grimmer estimates, Liv-ex warned that with China’s sagging economic growth and political uncertainties, its allure for global wine merchants has dimmed and the country “will not be riding to the rescue of the global wine trade in difficult times ahead”. Read More
Japanese wine drinkers will have to dig deep to pay for their favorite bottles as wine retailers and merchants in the country pass on price hikes to end consumers as Japanese yen continues to depreciate. Read More
China’s millennials and Gen Z who wield “considerable purchasing power” are reshaping China’s multi-billion wine market, as they become the main drinking force behind expanding country’s overall wine market size and per capita consumption in the next five years. Read More