The Vietnamese government has proposed a significant increase in alcohol taxes, with plans to double the excise tax on wine by 2030, according to a draft regulation. Read More
Australia
Australia's surge is a welcome news but one of the top 50 wine importers in China told us 2024 is the worst year he has ever encountered in his professional life. Our full analysis on H1 wine import data. Read More
Australia’s second-largest wine group, Accolade Wines, will merge with Pernod Ricard’s Australian, New Zealand, and Spanish wine businesses for an undisclosed amount. The deal aims to strengthen the combined entity's position amid industry challenges facing wine. Read More
Just two months after China lifted punitive tariffs on Australian wines, Australia has quickly regained its position as China’s second-largest wine exporter, sparking hopes that it may soon become the top exporter to China again. Read More
Chinese Premier Li Qiang made a historical visit to Australia's popular winery Penfolds, raising hope that Australian wine exports to China could soon bounce back to AU$1 billion before relations soured. Read More
While Australia's return has sparked enthusiasm, buyers are treading cautiously amid economic uncertainties and the looming impact of cheap Australian wines—up to 100 containers—previously stored in bonded areas now flooding the market. Read More
What are the priorities and preferences of Chinese buyers today? Did Vinexpo Asia Hong Kong live up to its expectation? We find out here in the report. Read More
For the first time since the second half of 2018, China’s wine import market has shown signs of recovery. Bottled Australian wine imports saw explosive growth in late March. Our full analysis of customs data here. Read More
Penfolds is poised to make a full return to mainland China, with first shipments expected to arrive next month following the lifting of punitive tariffs in late March. Read More
China's Ministry of Commerce has proposed lifting punitive tariffs imposed on the Australian wine, signalling an end of a three-year trade freeze that has upended Australia AU$1.2 billion annaul wine exports. Read More