Wine Import to China – 1H 2020 Data Analysis (2)
Below are the import data of sparkling wine and large-bottle wine (volume size between 2 liters up to 10 liters: China Customs imposes 20% import tariff, same as on bulk wine while comparing to the standard 14% imposed on still wine (volume size ≤ 2L) and sparkling wine). The still wine (volume ≤2L) category occupied 72% in volume and 90% in value which dominated the biggest piece of all types of wine import. Below is the ratio reference of each type of wine classified by vol
Wine Import to China – 1H 2020 Data Analysis (1)
Wine imported to China from January to June 2020 dropped over 30% on both volume and value. The downward trend seems fell to the bottom in April / May period (see the below charts) while we will see to confirm after acquiring the latest import data in July and probably August as well. 2020.01-06 : China Wine Import Data 2020.01-06 : China Wine Import Percentage change 2020 vs 2019 2020.01-06 Wine Import to China (by volume) 2020.01-06 Wine Import to China (by value) Related
A Quick Overview of Jan-Nov 2019 China Imported Wine Data III-Bulk Wine
Bulk wine’s import constituted 6.02% and 22.70% in value and volume respectively to total wine import in the 11 months in 2019. The top 5 bulk wine exporting countries were: Normally bulk wine’s price should be lower than bottled wine’s price, while the unusual high price to the Australian bulk wine will need further investigation which may relate to transfer pricing arrangement to those Chinese owners in their Australian winery investment. Related articles: A Quick Overview
A Quick Overview of Jan-Nov 2019 China Imported Wine Data I
Despite currently in China all business activities are affected by the coronavirus disease impact (which caused the release delay of December and the whole year’s statistics), we still provide to our readers the 11 months in 2019’s wine import statistics to show the insight of the wine market situation. *1 The percentage point in the bracket denotes the weighted ratio to the total value and volume respectively. *2 The Chinese Custom generated this division for statistical pur
Wine Imported to China Dropped in Volume – 2018 Data
The momentum of Chinese imported wine business experienced a blow due to political and economic factors (especially the Sino-US trade war). This was the first-time slow down since 2014 (Chinese government imposed austerity measure and anti-corruption campaign in 2013). Almost all sectors dropped in volume (from 4% to 11%), and thanks to the increasing average unit price which helped making a slight growth (2.11%) to the total import to US$2.856 billion (from US$2.797 billion
2017 China Imported Wine Data & Analysis IV – Bulk Wine
Starting 2017 the Chinese Custom sub-divided the formerly bulk wine category (packing larger than 2 liters) into 2 branches: i) large-pack wine (custom code: 220422) with a packing size > 2 liters but ≤ 10 liters; and ii) bulk wine (custom code: 22042900), which its packing is > 10 liters, though their custom duties are still 20% and remain no change. For consistency, we combined the two branches’ data so to compare of those in 2016 to see their trend. Obviously the (combi
2017 China Imported Wine Data & Analysis I - General Overview
The Chinese Custom released a week ago the wine import data in the different divisions as the below chart: *1 The percentage point in the bracket denotes the weighted ratio to the total value and volume respectively. *2 The Chinese Custom generated this new division for statistical purpose starting 2017 which may refer to large bottle sizes like Double Magnum/Jéroboam (3L), Jéroboam (Bordeaux) (4.5-5L), Impérial/Muthusalem (6L) and Salmanazar (9L). The growth rates of 2017 to
Georgia Enjoys Zero Rate Custom Duty Effective 2018
Effective January 1, 2018, Georgian wines entitled zero custom duty rate (0%) imported into China, while consumption tax (10%) and value-added tax (17%) are remained unchanged. This made Georgia the third wine producing country outrun Australia who enjoyed this tax-free advantage after New Zealand (2012) and Chile (2015). Although the Australian Government also entered the Free Trade Agreement with China in 2015, while the custom duty was set to decrease progressively to 0%
Bulk Wine Exporters – Where Should Your Work Focus On ?
The below chart shows the largest bulk wine importing provinces/municipalities which could be used as an indicator for international bulk wine exporters to where they should focus their sales and promotion work on. From the 2016’s data, Shandong Province alone took away 65% and 59% of share in volume and value respectively. Top 10 Bulk Wine Import Provinces / Municipalities - 2016 2016 Bulk Wine Import Data To further differentiate into a larger region to study and review, t
China Imported Wine Data, Bulk Wine, 1H-2017
Starting 2017, the former bulk wine sector (bottling size: > 2 liters) was further divided into: a). 2 liters up to 10 liters (2L < w ≤ 10L), and b). 10 liters up ( > 10 liters) The below chart is the import bulk wine data to those packing larger than 10 liters. The top three export countries: Chile, Australia and Spain aggregately occupied 86.08% and 86.15% share in volume and value respectively. Wines from nine countries had an average unit price less than US$1.00 per lit