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GLOBAL: China wine consumption, imports slip - figures

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Wine consumption in China fell last year as the rapid rise in the market since the turn of the century is faltering, latest figures show. 

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Consumption in the country slipped by 3.8% to 16.8m hectolitres in 2013, according to The International Organisation of Vine and Wine (OIV). “The rapid increase in consumption since the beginning of the 2000s appears to have come to a sudden end,” a report published by the trade group said yesterday (13 May).

China also imported 377m litres less wine in 2013 on the prior year, the OIV figures show. In value terms, this was a CYN9.6bn (US$1.56bn) drop for the world's fifth biggest wine importer. 

Earlier this year, however, separate figures showed that China has become the world's biggest consumer of red wine.

Meanwhile, the US remained the world's biggest consumer of wine in terms of volume, the OIV report found. However, the rate of growth slowed, rising by 0.5% last year, compared to 2% the prior year. Separate figures from the IWSR previously suggested that the US overtook France as the world's largest consumer of wine in 2011.

On the global wine market as a whole, the OIV concluded: “The long-awaited recovery that will mark the end of the financial and subsequently economic crisis, which began in 2008, is still to take place.”


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