City announce deal with Wolf Blass wines

bluegirl74 said:
Wine in China must be terrible if this crap gets a decent market share.
Note to self - avoid China.
Or, set up a business importing nice wine into China, charge huge mark up, sell loads, make millions, retire to vineyard in Italy.
Click to expand...

China’s bottled wine imports in 2015 jumped by a third in both volume and value compared to 2014, the biggest increase since 2011 and emphasising signs of a recovery in the market, show customs figures.

After showing growth in the first nine months of 2015, bottled wine imports in China continued to rebound in the last three months of 2015, reaching a total of 395m litres by the end of the year, a 37% increase versus 2014.

Total Import value was up by 37% year-on-year to reach US$1.9bn

The positive effect of the China-Australia Free Trade Agreement (ChAFTA) signed in May 2015 continued to bring strong growth to bottled Australian wines in both volume (57%) and value (78%) year-on-year.

The average price of bottled Australian wines consequentially raised 14% to reach $7.76 per litre, highest among the top 10 source countries of imported wines in China.

China is expected to overtake UK and become Australia’s second largest wine export market by value in the next 12 months, Wine Australia chairman Brian Walsh told Decanter.

The ChAFTA states that in the year 2019, China will abolish the import tariff on Australian wines in full.
 
Keith Moon said:
China’s bottled wine imports in 2015 jumped by a third in both volume and value compared to 2014, the biggest increase since 2011 and emphasising signs of a recovery in the market, show customs figures.

After showing growth in the first nine months of 2015, bottled wine imports in China continued to rebound in the last three months of 2015, reaching a total of 395m litres by the end of the year, a 37% increase versus 2014.

Total Import value was up by 37% year-on-year to reach US$1.9bn

The positive effect of the China-Australia Free Trade Agreement (ChAFTA) signed in May 2015 continued to bring strong growth to bottled Australian wines in both volume (57%) and value (78%) year-on-year.

The average price of bottled Australian wines consequentially raised 14% to reach $7.76 per litre, highest among the top 10 source countries of imported wines in China.

China is expected to overtake UK and become Australia’s second largest wine export market by value in the next 12 months, Wine Australia chairman Brian Walsh told Decanter.

The ChAFTA states that in the year 2019, China will abolish the import tariff on Australian wines in full.
Click to expand...

Cliff-from%20Cheers.jpg
 
Keith Moon said:
After showing growth in the first nine months of 2015, bottled wine imports in China continued to rebound in the last three months of 2015, reaching a total of 395m litres by the end of the year, a 37% increase versus 2014.
Click to expand...

That's fairly poor for a country their size population wise. 564m bottles or around 2 glasses a year per head of population. Compare to 1.3 billion bottles a year in the UK with about 5% of the population.
 
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