According to the latest data released by Chinese customs, wine imports in the first months of the year plunged in both volume and value, worsening a downward trend that has yet to be reversed with post-covid reopening. Read More
Chinese wine market
The top official in China's alcoholic drinks industry has warned that the country's wine consumption has hit a bottleneck as its wine industry has "no more retreating ground" after being hit the hardest among all beverage categories during the pandemic. Read More
The on-and-off sale surrounding the fate of Summergate shows the depth of China's cut-throat market competition and how even big congloermerate-backed wine companies are unprepared for market slump and the onslaught of pandemic. Read More
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
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