NEWS
TRADE DATA: CHINA’S WINE IMPORTS DROPPED 30% IN JANUARY & FEBRUARY
By Tony Zhu
7-4-2020
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.
(the writer can be contacted at: info@thewinechronicle.com)
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