Australia has exported over 50 percent more wine to China so far this year, when compared to last year. That’s according to specialist publication The Drinks Business, who has reported an impressive variety of statistics about the growing wine trade between the two countries.
For example, of the 124 countries to which Australia exports wine, China is now the number one destination, followed by the US and the UK.
Interestingly, whilst the sales to the US grew slightly, and sales to China grew massively, exports to the UK, Canada and New Zealand all fell over the year.
The Drinks Business suggests that a reduction of tariffs on the wine trade has helped to boost the figures, with fees expected to cease completely in 2019.
Another factor, as we’ve reported extensively over the last few months, has been a growing demand for quality wines amongst Chinese consumers.
This demand isn’t just being satisfied by imports. Indeed, China’s domestic wine industry has been winning a growing number of awards as it ramps-up production for a growing number of fans, both at home and abroad.
Chinese wine is available to buy internationally – in the UK it can be found in Sainsbury’s, Tesco and Waitrose supermarkets, as well as independent retailers.
Oct 15, 2018 0
Oct 15, 2018 0
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily