Overall data of Italian wine imports were remarkable in 2017, and the import volume and value of bottled wines showed double-digit growth. The growth rate of the import value exceeded import volume for 50%.
The Eleventh Hongkong International Wine and Spirits Fair opened in Hongkong Convention and Exhibition Center from November 8th to 10th.
In the past, This Fair offers good opportunity for importers, distributors and wineries to negotiate and cooperate. It was called the industry guide by vintners.
Chinese Baijiu, as a kind of traditional alcohol that made major proportion in China market, has a large market capacity and strong profitability.
In early September, Assoenologi has released its first forecast of Italian grape production for 2018: Italian grape production in 2018 will increase by 20% compared with 2017, restoring to the historical average.Will Italy wine price cut if output increases?
Recently, an Italian wine brand named “Feudi del Pisciotto Nero d’Avola I.G.T”, whose label looks similar to the luxury brand Versace, has irritated the Chinese importer and their cooperation has come to an end because of the “disloyalty“” in cooperation relationship.
In recent years, some friends of mine has turned to embrace Italian wines, especially those who used to drink Australian and Chilean wines. But in terms of its market share, Italian wines didn’t perform as well as other regions in China, even though markets with excellent economic status has developed a lot during the past decade, including drinkers increase, taste change and rise of wine education.