Georgia will be the fourth wine producing country after New Zealand, Chile and Australia who entered a Free Trade Agreement with China and is expected to enjoy a 0% custom duty in the second half of 2017. Georgian wines ranked the 12th in both import volume (3.477 million liters) and value (US$12.18 million) in 2016 to China. The tables below show the cost structure of wines who enjoyed this tax benefit. * Excise tax: 10%, value-added tax: 17% ** Georgia will enjoy the 0%
In many of my articles and reports in the past, probably you could still remember that I always mention WeChat, and many may doubt that what this WeChat is, and what does it have anything to do with my wine export business to China. Spare some time to watch these films which I have gone through, selected and recommended for your information and reference. You would discover it’s a big treasure on using WeChat as your can-opener to your wine business in China, reaching your C
The sparkling wine import continued a declining trend and getting to be stable in 2017. It is a niche but still not a favorable wine drink to most of Chinese wine consumers. Sparkling wine marketers should focus and spend most of their effort in the three most developed regions in China where most of sparkling wine (80%) sold in these three markets, i.e. Shanghai, Beijing and Guangdong Province. Overall every 50 bottles of wine sold last year, one bottle was sparkling wine.
Although the value of bulk wine imported in 2016 only occupied 4.77% to the total import wine, while it still occupied 22.54% in terms of total import volume. The import of bulk wine in 2016 was slightly the same as in 2015 (2.1 million liters less or 1.5% decrease) while the total value increased by 14%. This was mainly contributed by the high unit price of Australian wine (@US$1.02/liter) as the Aussie winemakers’ bulk wine sales increased 127.7% in volume and 164.6% in v