Chinese wine consumers on the rise

by Eve Resnick on March 19, 2008

in General

News from various sources confirms the rise of consumption and production of wine in China. I wrote several pages on the new Chinese consumer in Wine Brands but the phenomenon seems to be increasing. Here is the update on the subject, from the newsletter of Meininger’s Wine Business International:

“Chinese wine consumption is predicted to increase by 70% by 2011, with China being the eighth biggest consumer of wine in the world by 2012, surpassing Russia. According to the China Wines Information Site, the Chinese wine industry developed at a rapid clip through 2006, with production up 14.1% to 495.1 thousand kilolitres in volume over the previous year. Sales were also up by slightly more than 25%, to total 12.952b yuan ($1.8b/€1.18b). In the first three months of 2007, profits were up 33% over the same period the year before, with the China Wines Information Site (wines-info.com) predicting that output and consumption of Chinese wine will remain high.”

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