Imports from Australia, France and Chile fall sharply, weighing on Malaysia's overall market performance.
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Southeast Asia
Thailand will abolish a long-standing rule that allowed only one importer to represent each wine brand in the country, a move aimed at increasing competition and lowering prices in the market. Read More
Outside of China, Australia’s wine export performance was mixed. While markets such as Hong Kong, Thailand, and Indonesia recorded sharp declines, exports to Malaysia and India posted notable gains. Read More
Vietnam had previously signed free trade agreements with the European Union, Australia, and New Zealand in 2018 and 2019, leading to the gradual elimination of tariffs on wine. However, the 60% excise tax could negate the benefits of these agreements. Read More
Vinexpo Academy, the educational arm of the event, will feature more than 30 sessions focusing on consumer behavior, market trends, and technological innovation. The program aims to give professionals tools to adapt to a fast-evolving marketplace and capture new growth opportunities. Read More
Enoteca, a leading wine importer and retailer owned by Asahi in Japan, opened its first shop in Vietnam on November 25, marking its initial move into a market projected to reach a value of US$167 billion within three years. Read More
Emerging markets in Southeast Asia showed strong growth for Australian wine exports in the past 12 months but were unable to offset declining value to traditional markets. Read More
ProWine Singapore, one of the region’s most important marketplaces for wines and spirits, will return for its third edition from September 5 to 8 at Singapore Expo, four years after its last edition as it aims to chart a growth map for the drinks trade in the post-pandemic Southeast Asian market. Read More