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
Market
Ever wonder where all the imported wines in China end up? In this report, we track the top destinations, highlight the leading markets for sparkling wine, and break down each top importer’s key wine suppliers. 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
Australian wine exports have dipped well below long-term averages. Could imminent tariff lift from China save the it? Read More
Despite the reduced number of exhibitors, the HKTDC remains confident about upcoming fair's attendance and its offering of a vast array of global beverages and wine-related products. Read More