Italian Trade Agency (ITA) is cautiously optimistic about Chinese wine market this year following China’s swift reopening, as it kicks off its tailor-made wine and spirits courses for the country’s wine trade in anticipation of market rebound. Read More
Chinese wine market
China's imported wine market size halved in 2022, based on available data released by the country's official drinks trade org. Read More
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
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
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
Xige Estate's strong-worded denial of a Meininger report and a multi-million smuggled drinks bust are making headlines inside China. Read More
Australia's leading wine exporter Casella Family Brands, the parent company behind Australia's biggest selling wine brand, Yellow Tail, has reportedly put up from 35 vineyards in Australia up for sale. Read More
Latest China Customs data shows the continual decline of China's wine imports, as the ‘zero covid policy’ upheld by the country with 52 million wine drinkers continues to weigh down on demand. Read More