TRADE DATA: CHINA’S WINE IMPORTS DROPPED 30% IN JANUARY & FEBRUARY
By Tony Zhu
Credit: Rinson Chory/Unsplash
China’s wine and spirits imports saw double digit decline in January and February this year when the country was marred by the outbreak of COVID-19, according to the latest statistics released by the China Association of Imports and Exports of Wine & Spirits (CAWS).
The volume of wine imported in the two months was 78 million litres, a decline of 30.15% compared to the same period in 2019. By value the wine imports worth USD348.71million representing a decline of 25.49%.
CAWS’ data showed that imports of bulk wines were particularly hard hit in the period, by value there was a drop of a whopping 62.56% while by volume it is a decrease of 42.5%.
Australia was China’s top source of imported wines in the period with 40.78% of market share. French wines’ market share came second with 23.62%. Chile came third with market share of 13.61%, while Italy is fourth with market share of 6.76%.
On imports of spirits, the data showed that total volume imported during the period was 13.74 million litres, representing a slight increase of 3.66% compared to year before. By value, the spirits imports worth USD146.32 m, representing a decline of 28.03%.
Imports of whisky has held reasonably well with 6.13% growth by volume to 2.91 million litres, but by value it was a decline of 3.13% to USD26.75m.
Brandy did not perform well, imports of the category dropped 36.35% by volume to 3.79 million litres, by value it dropped 38.03% to USD83.97m.
Imports of the liqueur and cordial category continued its speedy growth despite the epidemic, by volume the imports grew 138.19% to 4.57 million litres while by value it grew by 75.6% to USD 20.28m.
Liqueur and cordial are sweetened distilled spirits like Amaretto and Irish Cream which are often used in cocktails, indicating that China’s cocktail consumption is growing fast.
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