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Imported wine market grows rapidly in China
China imported a record 1.27 billion U.S. dollars of bottled wine in 2011, up 94 percent year-on-year, according to figures released Tuesday at the first China Worldwide Wine Summit Forum.
Meanwhile the value of imported loose-packed wine was down 20 percent from the previous year to 120 million U.S. dollars. The sale of imported bottled wine doubled that of loose-packed wine in two years, indicating that the imported wine market is evolving from low-end to high-end。
According to statistics provided by the China Culture Association of Poetry and Wine (CCAPW), also the sponsor of the forum, the total volume of imported wine increased 76.5 percent and 80.9 percent in 2010 and 2011 respectively.
The CCAPW said that sales of China produced wine had grown an annualized 18 percent from 2006 to 2010 and the revenue of domestic wine industry reached 34.2 billion yuan in 2011, up 36.3 percent year-on-year.
Meanwhile the value of imported loose-packed wine was down 20 percent from the previous year to 120 million U.S. dollars. The sale of imported bottled wine doubled that of loose-packed wine in two years, indicating that the imported wine market is evolving from low-end to high-end。
According to statistics provided by the China Culture Association of Poetry and Wine (CCAPW), also the sponsor of the forum, the total volume of imported wine increased 76.5 percent and 80.9 percent in 2010 and 2011 respectively.
The CCAPW said that sales of China produced wine had grown an annualized 18 percent from 2006 to 2010 and the revenue of domestic wine industry reached 34.2 billion yuan in 2011, up 36.3 percent year-on-year.
