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Australia’s leading wine exporter Casella Family Brands, the parent company behind Australia’s biggest selling wine brand, Yellow Tail, has reportedly put up from 35 vineyards in Australia up for sale.
Bar owners and operators in Hong Kong are dismayed after months of closure that it will have to wait until at least May for reopening, as industry leaders complain that the city’s thousands of bars only operated for 6 days so far this year.
Here are the top 10 wine exporters to China in 2021. All top wine suppling countries registered growth except for one.
China’s biggest wine and spirits fair has yet again been postponed due to sporadic Covid cases found in the southwestern city of Chengdu, highlighting the challenges of organizing physical fairs even though local cases are in single digits.
Hong Kong’s wine market made a triumphant rebound last year, signalling the market has returned to pre-Covid level in 2019 but uncertainties hang as the city imposes toughest Covid curbs yet.
China’s wine imports failed to recover in 2021 and has hit a historical low, continuing a worrying downward trend as the latest customs data has shown, with both volume and value contracting during the 12 months.
As Euro Chamber expects Hong Kong’s zero-Covid policy to last until 2024, we explore here the impacts it will play out on local wine market.
Europe’s biggest wine trade affair ProWein Düsseldorf has officially been postponed from March to May this year, due to the rapid spread of the Omicron variant affecting global travels.
Vinexposium has announced the cancellation of Vinepxo Hong Kong in May this year to better focus on Vinexpo China, which will for the first time take place in southern China’s metropolis Shenzhen instead of Shanghai from October 31 to November 2.
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.