Your ultimate source for everything related to China's wine market
Heading into 2022, wineries, wine producers and exporters might find their access to the lucrative Chinese market at risk, as China’s new customs regulations on food and beverage entry has sent producers and exporters scrambling to fill out registration before the looming January 1 deadline.
The World Trade Organization (WTO) has formally agreed to set up an investigative panel to examine China’s anti-dumping tariffs on Australian wines, a move that will likely anger China after it first blocked Australia’s request in September.
Here are China’s top 10 wine exporting countries in the first half of 2021.
Japan’s import volume went down but value grew in the first half of 2021. Meanwhile, France has overtaken Chile in both volume and value.
South Korea, is uncorking more wine bottles than ever. The country’s wine consumption in the first seven months of the year hit a fresh high coming off a record year of drinking in 2020 despite pandemic.
The economic pains of the China-Australia conflict are also being felt in China, as the Chinese wine market struggles to absorb the aftershock of the boozy breakup.
Top contenders are racing to grab the top seat vacated by Australia, and the latest data have revealed the new faces for China’s top suppliers.
Chile is reaping in market share left by Australian wines, which topped China’s wine market up till last November when crippling tariffs brought it to a crashing halt.
China’s wine imports in the first four months of the year declined again from the pandemic-hit level. However April data gives hope for optimism.
Find out more about the size of Hong Kong’s wine market, number of merchants, its top wine exporters, and its wine trade with mainland China.