MALAYSIA: Malaysia wine imports increase 100%
Malaysia's wine imports increased almost 100% this year to around 300,000 cases, according to statistics compiled by the region's top distributor Riche Monde Sdn Bhd.The number of wine importers has increased sharply over the past 10 years, said Riche Monde Sdn Bhd's managing director, Richard Remnant. In 1990, there were only 20 importers while the present number has increased nearly five times.Wine-drinking has become popular with young Malaysians, who travel more widely and have acquired a taste for various wines around the world. "The young Malaysians picked up the habit abroad and continue consuming wine upon their return," said Remnant. Expatriates and foreign tourists are also buoying the sector.However, Remnant believes, that despite the presence of many wine importers in the country, only 30% were serious in developing the local wine market.
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