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Wine Importers and Wine Import Trends in Canada 2024 When Canadians raise a glass of wine it’s mostly likely an imported brand and that’s partly because the domestic wine industry remains too small to supply one of the top 10 wine importers in the world. This is good news for the producers interested in the Canadian market, but the good news tends to stop here because working with the highly regulated Canadian wine importers can be a huge challenge, especially for smaller companies. Discover more in our analysis: https://lnkd.in/dagk7f2V

One of the most exciting markets revealed through our research for this report is Thailand. Among the top importers we have profiled from the southeast asian country, all reported sales growth with majority reporting double digit growths in sales, with the exception of one who traditionally relied on Bordeaux. To put it in perspective, despite Thailand’s economy being less than one-third the size of China’s, the country’s largest wine importer, within just a few years, has grown to achieve turnover —on par with China’s biggest fine wine importer, ASC Fine Wines, in 2023.  Find out more details in our report. For each of the company we have handpicked, its profile includes company size, staff number, portfolio, distribution channels, latest sales revenue in addition to key contact details. Sample is available upon request. #Thailand #asia #top50 #wine #wineimporters #market #report #intelligence #growth #imports #

Wine consumption and sales in China's Guangdong province is often much watched. The affluent province, bordering Hong Kong and an integral part to the success of Greater Bay Area, has the country's highest GDP and arguably most mature wine market, given its early exposure to foreign trade. Wine sales in the province has plummeted to RMB 1.9 billion (US$262.9 million) last year, a year-on-year decrease of 36.6%, according to data released from the province’s official wine and drinks body. To put it in perspective, the extent of contraction now means that the province’s total wine sales is just about 5% of its total Baijiu sales. Full report here. #wine #news #guangdong #China #winesales #baijiu #GreaterBayArea #china #market #report #analysis

https://lnkd.in/dgqjh9ah The Netherlands is the 6th largest wine importer in the world, an industrialized nation with a GDP of $1117 billion U.S. dollars, high purchasing power, and a very modest internal wine production. These factors created a diverse and mature network of wine importers and distributors that constantly adapt to the latest trends. With a record value of wine imports of USD 1.66 billion, the Netherlands is more attractive than ever as a wine market and more and more wine producers are trying to get a reliable wine importer or distributors in the European country.

Overview Of World Wine Exports Changes in 2023 Various factors led to 2023’s 6.3% decrease in global wine exports. The figure now stands at to 99.3 million hL, the lowest since 2010. In this short review, we’ll take a look at how the structure of global exports has changed by type of wine. Bottled wine, defined as containing less than 2 litres, accounted for 53% of trade volume globally in 2023. This category has decreased by 6% in value compared to 2022. However, the average export price observed in 2023 was 4.7 EUR/L, a 3% increase over 2022. Read more: https://lnkd.in/d2xbWszG

Did you know that Vietnam is one of the wine markets expected to show the greatest change in value, behind India, China and USA. The other markets expected to show the greatest change in value might surprise you! With rumblings about market failure in the wine sector (see here 👉🏻 https://lnkd.in/gP_wVUaX), it begs the question: Could the biggest growth regions for Australian wine, or indeed alcohol brands in general, lie in export? #export #beverages #wine #emergingmarkets #drinks

Australian wine producers are taking on the challenge of re-engaging with the Chinese market now that the duties on Australian wine have been removed. However, it won't be an easy task as wine consumption and imported wine have both dropped by around 70% over the past 5 years. With a surplus of 450 million litres, the industry will have to either reshape the Chinese wine market or restructure their own industry. This decrease in wine consumption and surplus is presently the reality all over the world, and whatever happens with Australian wine can certainly happen to other wine regions. It's a pivotal moment for the Australian wine industry and the global wine market.