South Korea’s leading retail giant Lotte is eyeing to purchase domestic and foreign wineries in an effort to beef up its wine business, bolstered by the country’s fast-expanding domestic wine market. Read More
wine imports
China's imported wine market size halved in 2022, based on available data released by the country's official drinks trade org. Read More
South Korea’s wine imports continued its growth momentum in 2022 albeit at a slower pace, as consumers trade up for higher-priced bottles, the latest data from the country’s customs department has shown. Read More
Decline is accelerating for China’s wine and spirits imports in the January-August period, sending worrying signs to the country’s drinks trade that has been pummelled by the onslaught of the country’s strict covid restrictions, supply chain price hikes and logistics nightmares for almost 3 years. Read More
China’s wine and spirits imports in the first half of the year continued to drop due to sporadic lockdowns, while whisky surprisingly beat market gloom and signs of recovery in wine started to emerge after May. Read More
Hong Kong’s wine imports in the first half of the year have shrunk under the weight of the city’s weakened economic growth, fifth wave of Covid, global shipping delays and recession fears. Read More
China's wine import data for the first half of the year is out, and Hong Kong could cut hotel quarantine as early as this Tuesday. Read More
China’s wine imports in the first five months of the year continued to dip but its overall decline was lifted by growth recorded in May, while uncertainties loom as cases double in Shanghai again, posing fears of another lockdown. Read More
As Western sanctions start to bite Russian economy, it looks like Russia might be swapping fine Bordeaux and Barolos with wines made from China, India and Turkey. Read More
Despite volume decline, Japan's wine import value climbed in 2021, writes Mari Yasuda. Read More