South Korea’s wine imports soared 76% in 2021
South Korea’s wine imports soared over 70% in 2021 to reach a record high, making it the fastest growing Asian market for wine, as more wine drinkers turn to home consumption during the pandemic.
Tag: Imported wine
Has Chinese wine market hit rock bottom?
China’s imported wines are going on a downward spiral in 2021 and market outlook for 2022 is not looking brighter.
Chinese customs: Australian wine, the most rejected wine of origin to China
China’s crippling anti-dumping tariff of up to 218% have essentially upended Australia’s wine market in China, and it appears any access to the market will be even harder for Australia, as it ranks as the top country of origin rejected by Chinese customs upon entry.
Research finds over half of Chinese netizens drink wine to relax
Research shows Chinese netizens no longer treat wine merely as a gift or panacea, but have developed a genuine interest towards wine, especially those of domestic production.
Ningxia to quadruple its wine industry size by 2025
China’s premier wine region, Ningxia, has set out clear goals to significantly improve its production capacity by 2025 to rival other international wine regions and boost its domestic wine consumption.
Premium alcohol consumption surge in Guangdong in 2020
Guangdong’s premium alcohol consumption bucked a prevailing downward trend and managed to report a double-digit growth last year despite the pandemic and consumers’ cautious spending.
Japan to revise alcohol tax
The Japanese government has announced they will revise liquor taxes in October. Mari Yasuda reports from Japan on the impacts, and reactions from importers and merchants.
China’s Lenovo-backed Joyvio suspends wine business
Joyvio, the agricultural arm under IT company Lenovo, has reportedly suspended its imported wine business, fueling speculation about the future of its wine division.
China’s imports slide in H1 as Covid takes toll
China’s wine imports in the first six months of the year slid due to Covid-19, with Chile seeing the sharpest decline among all countries of origins.
Gap between Chinese wine and imported wine consumption is narrowing
Chinese wine is largely believed to be dominating China’s market. That’s not quite the case.