Yesterday media reported that according to the data of the China Business Industry Research Institute, China imported 54,000 tons of alcohol in June 2018, down 30.4% from the same period of last year; imported 58,000 tons in July, down 19.6%; imported 62,000 tons in August, down 13.4% from the same period of last year; imported 61,000 tons in September, down 24.9%. Therefore, it came to the conclusion that imported wine were falling for 4 months.
Yang Zhengjian, deputy secretary-general of China Non-staple Food Circulation Association, cautioned that the data mentioned was imported alcohol, not imported wine, and could not draw the above conclusions from the data.
However, he believed that the import wine market had a downward trend in the near future. The off-season of this year's imported wine market was a little longer than in previous years, which was related to the strong squeeze of the liquor market. Yin Kai, a veteran in the wine industry, believes that such an adjustment can not only make some hot money leave the market, but also eliminate some enterprises that have their own problems and backward models. Some products with high prices and serious deviations from value are likely to be returned to their original state.
According to the latest data released by the Australian Wine Authority, Australia's wine exports to mainland China exceeded A$1 billion for the first time in the year to September 30, 2018, increase by 66% from the previous 12 months. In this regard, Yin Kai said that tariff cuts have played a huge role in promoting, but in the future China's imported wine market will not always be a dominant one.
Source: Guangzhou Daily
