China imports less wine

Imports dropped by almost 30 per cent.

China's wine market is in decline.

China's wine market is in decline. In 2020, wine imports dropped by 28.8 per cent to 4.7 mill. hl. Also, the value recorded a decline of 19.9 per cent to $ 2.83 billion. 

As several media report, experts had expected an even stronger decline. However, traders had built up stocks in the run-up to the tariffs against Australia.

A switch to domestic products does not seem to be the reason for the drop in imports, as Chinese wine production fell for the fifth year in a row to now 4.13 mill. hl, 6.1 per cent less than in the previous year.

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