Japan wine imports in 2022

In 2022, Japanese wine imports are back above the pre-Covid level of around 10%, showing a strong recovery on 2021 (+23%) for a value of 1.77 billion euros, achieved despite the 6% devaluation of the yen, which resulted in an increase in spending in local currency of slightly more than 30% (and when measured against the 2019 level, about 24% higher). This therefore tells us that the Japanese continue to appreciate wine, obviously with a growth essentially determined by prices and by the mix given that the imported volume of 2.66 million hectoliters does not differ from the historical averages (although approximately 10% above the level 2020-21, certainly influenced by the problems of the pandemic). As you already know by reading the blog, the Japanese mainly drink French wine, and above all sparkling wines, therefore Champagne. The data we present today taken from UN Comtrade ...