Year-on-year wine imports in January-February 2019 Domestic
China's wine imports fell 13% year-on-year in the first two months of this year, with 118,765 kiloliters imported, while imports fell 10% year-on-year to a total of $6,049,000, according to data released by the China Institute of Commerce and Industry.
Meanwhile, domestic wine production increased by 11.8% year-on-year to 114,000 kiloliters.
Domestic wine production increases
Source: China Business Industry Research Institute National wine production grew 11.8 percent year-on-year in the first two months of this year, continuing growth in the fourth quarter of 2018, according to the China Business Industry Research Institute.
In the first three quarters of 2018, China's wine production declined slightly, but the country's wine production returned to growth in the fourth quarter.
Decline in wine imports China's wine imports continued to grow from 2013 to 2017, while in 2018 there was a long-term decline;
China's wine imports increased from 2015 to 2018.
Source: China Business Industry Research Institute On the data, China's imports of wine in the first two months of this year for the first time in recent years, imports of imports at the same time fell by 10% or more. January and February, often considered a booming month for consumption due to the Spring Festival holidays, are certainly disappointing for the performance of imported wines.
After an 8.95 per cent decline in total imports and a slight 1.1 per cent increase in imports in 2018, the industry is generally pessimistic about China's import edith market in 2019, saying that there is unlikely to be a significant growth trend this year.
China's consumer market has underperformed this year due to slowing economic growth and a continuing trade war, and 2019 may be challenging for imported wine makers.