From November 7 to 9, the fair, hosted by the Hong Kong Trade Development Council, will showcase over 600 global exhibitors, with spirits displays up 20% from last year in response to heightened demand and trade potential. Read More
Whisky
Hong Kong has announced a major reduction in its spirits tax, slashing it from 100% to 10% on spirits priced above HKD 200 (US$25) per bottle, in a bid to replicate the success of its earlier wine tariff removal. Read More
Following Hong Kong's pivotal wine tax removal in 2008, the city is now eyeing a similar tax break for spirits in a bid to revitalize its ailing dining and nightlife scene and position itself as a global hub in the US$730 billion spirits industry. Read More
Hong Kong lawmakers are advocating for the removal of the 100% spirits tax to transform the city into a regional hub for spirits consumption and trading, mirroring the success achieved with wine. Read More
India's beverage alcohol market is tapped to record significant growth, driven by a youthful population with up to 20 million new consumers annually and an increasing preference for premium products, according to IWSR. Read More
South Korea is looking into raising purchasing limit for duty-free alcohol as a way to boost tourism, the country's Korea Customs Service (KCS) has revealed. Read More
After three years of rapid growth, Korea's imported wine market is experiencing a downturn as home consumption decreases and inventories accumulate. Read More
This also means that overall imported spirits value is now more than double that of wine imports, after it first overtook wine in 2021. Read More
While Generation Z, those under 25, is leading in alcohol abstinence, the study also highlighted a concerning trend: those within this age group who do consume alcohol are more inclined towards binge drinking. Read More
Bearing the brunt of the ban will be undoubtedly Japanese seafood and seafood dependent restaurants but what are the implications for Japanese wine and whisky as they are categorized under ‘Food’ by Chinese authorities. Read More