China’s wine market drops 21% in value and volume

Data for the performance of China’s domestic wine market during 2022 makes for bleak reading, but while the downward trend continues there are signs of recovery. According to figures released by The National Bureau of Statistics of China, the production of domestic wine in China during 2022 was 214,000 kilolitres, representing a year-on-year decline of 21.9%. The volume of imported wine was also down, falling 21.1% to 340 million litres. The decline in China’s wine industry has become a familiar trend in recent years. From a peak of 1.382 million kilolitres in 2012, domestic wine production has seen a continuous drop, reaching a low of 679,100 kilolitres in 2017. The Covid pandemic combined with anti-dumping tariffs applied to Australian wine further impacted the industry in 2019 and 2020. In 2021, the production of domestic wine returned to around the same level of the early 2000s, with just 268,000 kilolitres produced. Despite the downward trend, many within the industry still ...