Thailand’s food and beverage sector has been thrown into turmoil after a significant amendment to the Alcohol Control Act came into effect last week, introducing consumer penalties for drinking during restricted hours — a first in the country’s legal history. Read More
consumption
The London-based private members’ wine club 67 PallMall is defying China’s economic slowdown and tightening alcohol restrictions with plans to open a new club in Shanghai next year — its first in mainland China. Read More
New data from 2024 reveal a steep 29.3% drop in total duty-free sales, reflecting both weakened consumer sentiment and the fading allure of Hainan’s “tourism + duty-free” model. Read More
The price of Feitian Moutai — long considered the “gold standard” of China’s alcohol market — is feeling the chills of China's cooling business environment, as its price drops to a four year low. Read More
Global wine consumption has hit its lowest record ever since 1996 to 221 million hectoliters, down by 2.6% over 2022, as a result of inflation and high production costs, according to OIV. Read More
According to data from China's Bureau of Statistics, Chinese residents, on average, allocated about 30% of their spending to food, tobacco, and alcohol, including wine, last year. 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
All signs are pointing to a quick recovery in China after the country finally scrapped Covid restrictions this month but will wine market bounce back with vengence in 2023? Read More