Japanese wine drinkers will have to dig deep to pay for their favorite bottles as wine retailers and merchants in the country pass on price hikes to end consumers as Japanese yen continues to depreciate. Read More
Imported wine
Wineries selling wines to China might have a problem: Chinese consumers are not drinking enough imported wines, and more often than not, they are reaching for a bottle of domestically produced Chinese wine. Read More
A wine importer in China has been handed a one-year-and-three-month sentence and a hefty fine of RMB 550,000 (US $86,460) for wine smuggling, taking advantage of cross-border e-commerce platforms that more than halved wine taxes. Read More
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.
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China's imported wines are going on a downward spiral in 2021 and market outlook for 2022 is not looking brighter. Read More
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. Read More
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.
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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.
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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. Read More
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. Read More