The European Union is pushing India to lower tariffs on wine, spirits, and other key exports as part of efforts to boost bilateral trade, while concerns mount over potential U.S. tariff hikes on European goods. Read More
Asia
Japan’s sake exports grew 6% in 2024, driven by strong demand in North America and Europe, while sales in Asia, its largest market, declined. Read More
Asia was the only region where Penfolds recorded revenue growth, with NSR surging 50.4% to AUD 386.1 million (USD 243.9 million), accounting for 69.3% of total Penfolds sales. Read More
South Korea’s off-trade (retail) sector has played a key role in boosting Bourgogne white wine sales. Read More
Australian wine exports surged to AU$2.55 billion in 2024, driven by China's strong rebound, but Wine Australia warns that global headwinds and uneven growth could threaten long-term stability. Read More
For decades, Cabernet Sauvignon and Chardonnay have been the stars of California’s wine exports to Asia. Yet, in a quiet yet remarkable shift, Zinfandel is now sharing the spotlight. Read More
Malaysia uncovered a wine smuggling case from Thailand, raising alarm that cross-border smuggling may be on the rise following Thailand's removal of wine import tariffs. Read More
South Korea’s wine imports continued to decline in 2024, with data showing a 9.63% drop in value during the first 11 months of the year. Read More
South Korea’s spirits market has experienced substantial growth in recent years, supported by rising imports of whiskey, brandy, and liqueurs. Read More
EU wine exports to most Asian markets suffered setbacks in 2024 with the exception of one market that bucked the downward trend.
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