NEWS
GERMAN WINE EXPORTS TO CHINA GREW 47% IN Q1 2024
By Tony Zhu
20-6-2024
Source: Wines of Germany
German wines exports to China grew 47 percent by value and 39 percent by volume in the first quarter of 2024, latest data from German Wine Institute (GWI) showed.
On the backdrop of very strong demand from China, German wine exports in the quarter rose 9 percent both by value and by volume to €92 million (USD99m) and 283,000 hectolitres.
Exports to China reached €5.4m and 10,000 hectolitres in the quarter. Double-digit increases were also recorded for Denmark, Japan, the Netherlands and Poland.
GWI said total wine exports in 2023 increased 4 percent on the previous year to €384m, largely as a result of price increases.
Between April 2023 and March 2024, the average per litre price achieved by German wine exporters was €3.35, which is 13 cents higher than in the same p
period last year.
(the writer can be contacted at: info@thewinechronicle.com)
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