Hong Kong's wine lovers opt for cheaper Bordeaux
Hong Kong's wine lovers opt for cheaper Bordeaux
Nov 1, 2012 6
(SCMP) - Hongkongers are no longer the world's biggest spenders on Bordeaux wines but are opting for more affordable bottles.
Over the past year, the city imported and re-exported Bordeaux wines worth €300 million (HK$3 billion), a 12 per cent drop year on year. In contrast, import volumes climbed 16 per cent to 15 million bottles, according to the Bordeaux Wine Council.
The city is now third in terms of import value, after the United Kingdom and the mainland.
The mainland imported 38 per cent more wine in terms of value and 55 per cent more in terms of volume, with the total reaching 15 million bottles, worth €350 million, over the past year
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