TWE: wine consumption in China ‘significantly impacted’ by outbreak
After previously adjusting its earning forecast from 10-15% down to 5-10%, the Australian wine giant Treasury Wine Estates has nowContinue Reading
Tag: wine imports
China’s wine imports in 2019 tumble to record low in recent years
China’s wine market in 2019 suffered a huge blow as latest figures released by the country’s drinks trade body showed that wine imports during the year slipped to the lowest level since 2017, as a result of the country’s slowing economy and US-trade war.
2019, the year that China’s wine market encountered a bottle shock
As the year of 2019 ends, we talked to key decision-makers in China’s wine industry to evaluate what has come to shape what’s been described by wine merchants as a turbulent year, and what’s at stake for 2020.
China’s wine imports continued drops in Jan-Oct
China’s wine imports in the first 10 months showed no sign of recovery and continued to suffer double-digit drops, accordingContinue Reading
China’s wine imports slump with downturn deepens in August
China’s wine imports continue to slump in the first eight months of the year, dropping by 16.2% year on year in terms of value, with August downtown deepens, casting shadows for the upcoming holiday season.
Japan to remove tariffs on American wine
Japan is planning to eliminate its 15% tariff on American wine imports in the next five to seven years as the two trade partners are poised to sign a deal at the end of this month.
Hong Kong wine imports falter
With China’s waning demand for imported wines, Hong Kong, the gateway to the mainland market, is feeling the pain from a weakening mainland market.
China’s top 10 wine importing countries in H1 2019
China’s wine industry is probably facing the most challenging time since anti-corruption campaign in 2012 that cracked down on ostentatiousContinue Reading
Wine Intelligence downgrades China’s attractiveness as a wine market
China has lost out on its attractiveness as a wine market, according to the latest report by Wine Intelligence, amid the country’s slowing economic growth, escalating China-US trade war and depreciated Chinese currency.
China’s Wine imports continue to slide in H1
China’s wine imports continued its downward trend in the first half of the year, dipping in both volume and value though rate has markedly slowed.