China’s wine imports drop in early 2017
China’s bottled wine imports decrease for the first two months of the 2017 after experiencing a strong uptrend last year!
Bottled wine imports dropped 1.12% year-on-year in volume to 75.3 million liters while value decreased by a further 7.81% to US$353.2 million compared with the same period last year.
Sparkling wines continue to slide, dipping 14.79% in volume and 14.01% in value. Bulk wine is the only category that saw robust growth. From January to February, China imported 21 million liters of bulk wines worth US$17.6 million, representing a 39.23% rise in volume and a 37.58% increase in value.
Overall wine imports in the country during the period was tallied at US$379.8 million, a year-on-year decrease of 5.79%.