NEWS
TRADE DATA: CHINA’S WINE AND SPIRITS IMPORTS DROPPED 32% IN 1st HALF 2020
By Tony Zhu
4-8-2020
Credit: Rinson Chory/Unsplash
China’s wine and spirits imports declined 32% in the first half this year, 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 first six months of this year was 215 million litres, a decline of 31.89% compared to the same period in 2019. By value the wine import is worth USD831.61million, representing a decline of 32.32%.
CAWS’ data showed that imports of bulk wines were particularly hard hit in the period, by value there was a drop of a whopping 46.34% while by volume it was a decrease of 32.46%.
Imports of bottled wines performed better, by value there was a drop of 25.74%, while by volume it dropped 27.82%.
Australia was China’s top source of imported wines in the period with 38.18% of market share. French wines’ market share came second with 26.29%. Chile came third with market share of 13.11%, while Italy was fourth with market share of 6.74%.
On imports of spirits, the data showed that total volume imported during the period was 44.07 million litres, representing a decrease of 7.97% compared to year before. By value, the spirits import is worth USD470.56m, representing a decline of 31.36%.
Almost all spirits categories recorded import declines except Rum and liqueur/cordial. China imported 1.89 million litres of Rum in the first half, an increase of 31.5%. By value the import was worth USD4.84m, representing an increase of 21.77%.
Imports of liqueur and cordial continued its speedy growth despite the epidemic, by volume the imports grew 38.85% to 14.86 million litres while by value it grew by 13.82% to USD57.39m.
Brandy and whisky remained the most popular imported spirits in the period, but both seen declines in import volume and value.
Brandy did not perform well, imports of the category dropped 31.55% by volume to 12.8 million litres, by value it dropped 41.45% to USD270.45m.
Imports of whisky has dropped 17.65% by volume to 8.65 million litres, by value it was a decline of 12.2% to USD84.3m.
(the writer can be contacted at: info@thewinechronicle.com)
ALL RIGHTS RESERVED
**IF YOU THINK THE WINE CHRONICLE IS WORTH SUPPORTING, PLEASE MAKE A DONATION TO HELP US IMPROVE AND CONTINUE OUR WORK**
TRENDING│ FOCUS│ SERVICES│ ABOUT US│ CONTACT
| 