China will import less over the next four years: Vinexpo research
China will import less over the next four years: Vinexpo research
Feb 6, 2013 6
(Decanter) - China will import wine at a slower pace as the country's domestic wine production increases - while the world's most populous nation is set to become the world’s second-biggest wine consumer by 2016. Competition for space in China's wine market is set to intensify in the next few years: China's wine market will still expand by 40% in volume over the next four years, but opportunities for foreign brands will be more limited.
Figures released jointly by wine trade show Vinexpo and research group IWSR show that between 2007 and the end of 2011, wine sales in China rose much faster, by 144% in volume, than they will for the next four years.
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