China - Wine And Grape Must - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChinese Wine Price Soars 7% to $4.6 per Litre
China Wine Import Price in August 2022
In August 2022, the wine price stood at $4.6 per litre (CIF, China), rising by 7.3% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in July 2022 when the average import price increased by 13% m-o-m. The import price peaked in August 2022.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was France ($7 per litre), while the price for Spain ($2.8 per litre) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
China Wine Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was sparkling wine ($13 per litre), while the price for wine of fresh grapes (except sparkling wine) totaled $4.4 per litre.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by wine of fresh grapes (+1.6%), while the prices for the other product experienced mixed trend patterns.
China Wine Imports
For the third month in a row, China recorded decline in purchases abroad of wine and grape must, which decreased by -14.4% to 26M litres in August 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in May 2022 when imports increased by 46% against the previous month. As a result, imports attained the peak of 38M litres. From June 2022 to August 2022, the growth of imports failed to regain momentum.
In value terms, wine imports declined to $122M (IndexBox estimates) in August 2022. In general, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in May 2022 with an increase of 37% m-o-m. Imports peaked at 154M litres in January 2022; however, from February 2022 to August 2022, imports remained at a lower figure.
China Wine Imports by Type
In August 2022, wine of fresh grapes (except sparkling wine) (26M litres) was the main type of wine supplied to China, with a 98% share of total imports. It was followed by sparkling wine (616K litres), with a 2.3% share of total imports.
From January 2022 to August 2022, the average monthly growth rate of the volume of import of wine of fresh grapes (except sparkling wine) amounted to -4.8%.
In value terms, wine of fresh grapes (except sparkling wine) ($114M) constituted the largest type of wine supplied to China, comprising 94% of total imports. The second position in the ranking was held by sparkling wine ($7.9M), with a 6.5% share of total imports.
China Wine Imports by Country
France (9M litres), Chile (7.7M litres) and Spain (4.2M litres) were the main suppliers of wine imports to China, with a combined 79% share of total imports. These countries were followed by Italy, Germany and Argentina, which together accounted for a further 10%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +2.2%), while imports for the other leaders experienced mixed trend patterns.
In value terms, France ($63M) constituted the largest supplier of wine to China, comprising 52% of total imports. The second position in the ranking was taken by Chile ($22M), with an 18% share of total imports. It was followed by Spain, with a 9.5% share.
From January 2022 to August 2022, the average monthly growth rate of value from France totaled -1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Chile (-7.2% per month) and Spain (+0.9% per month).
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This report provides an in-depth analysis of the wine market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 564 - Wine
- FCL 563 - Must of Grape
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
