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
Market analysis
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
China’s wine and spirits imports in the first half of the year continued to drop due to sporadic lockdowns, while whisky surprisingly beat market gloom and signs of recovery in wine started to emerge after May. Read More
Huawei founder gave his starkest warning on local and global economy, raising alarm for the country's business community, while leading Baijiu companies are eyeing whisky for the next growth opportunity. Read More
La Place de Bordeaux, the historic distribution network that was first established to distribute Bordeaux fine wines, has found a new lease of life outside the French wine region with the autumn release of non-Bordeaux fine wines steadily gaining traction. Read More
South Korea’s alcohol market boomed during the pandemic, and apparently the country’s singletons living on their own might have made a sizable contribution to the growth, according to a government policy research institute. Read More
Treasury Wine Estates, Australia’s biggest listed wine company, posted a 5.3% growth in annual profits in fiscal year 2022 but its flagship wine Penfolds’ overall … Read More
More than 1,000 firefighters are battling a "monster" wildfire in southwestern France near Bordeaux that has already destroyed about 7,400 hectares of forest, threatening the country's famous wine growing region. Read More
Tmall and JD.com, which one is more effective with wine sales in China? How did wine perform on both platforms in first half of the year? We have the data here. Read More