What percentage of Australia’s wine exports go to China?
However, for bottled wines specifically, China was Australia’s largest market in value and 2nd largest in volume, with 40% of the export value share and 24% of the export volume share.
How much wine does China import?
In 2020, China imported approximately 430 million liters of wine, down from around 610 million liters in the previous year. Meanwhile, the annual wine import value dropped by around 26.7 percent. China is the leading grape producer in the world and the second major country with the largest vineyard area after Spain.
How many Litres of wine does Australia export to China?
China, the most lucrative market for Australian wine, increased its spend by 4 per cent to $1.17 billion. However, the volume of wine sold to China dropped by 12 per cent to 123 million litres.
Does Australia dump wine in China?
China’s commerce ministry in March announced anti-dumping tariffs between 116.2% and 218.4% on Australian wine imports, measures that are set to last for five years. China is the top destination for Australian wine exports.
How much wine does Australia export to China 2021?
Australian wine exports to China (including Hong Kong and Macau) declined by 33 per cent in value to $793 million and by 52 per cent in volume to 61 million litres (6.7 million 9-litre case equivalents) in 2020–21.
Why is Australian wine more popular in China?
Zheng Li, who owns a wine business in Hangzhou, said he thinks Australian wine has found success in China because it is, in his opinion, better than the wines produced elsewhere — and it’s also cheaper, mostly thanks to the free trade agreement between the two countries.
Does China make its own wine?
Wine has been produced in China since the Han dynasty (206 BC–220 AD). Thanks to its immense territory and favorable climates, China is the largest grape producer worldwide, contributing to nearly half of the world’s grape production. When it comes to viticulture, it also has the third-largest vineyard area worldwide.
Who exports the most wine to China?
According to data released by China Association of Imports and Exports of Wine & Spirits, France exported 46.45 million liters of wine to China worth about US$285.4 million in the first five months of the year, representing a 61.45% growth in value and a 22.35% increase in volume over the same period last year.
What country imports the most wine?
Searchable List of Wine Importing Countries in 2020
|Rank||Importer||Wine Imports (US$)|
Which country does Australia export the most wine to?
In 2020, wine exports from Australia to China amounted to over one billion Australian dollars, making China the leading export destination for Australian wine. The United States came in second with less than half the export value of of the Chinese market.
Where does Australia export its wine?
Australian wine was exported to 113 markets in the year ended September 2021. Pleasingly, several destinations recorded strong value growth in wine exports, including the United Kingdom (UK), Hong Kong, Singapore, South Korea, Denmark, Thailand and Taiwan.
How many bottles of wine does Australia export to China?
In 2020, Australia’s bottled wine exports to China were worth $898 million, with the next most valuable market the United States, worth about $364 million. The ABARE research found that in 2019 Australia had 2468 wineries across 65 regions, of which 765 exported to China.
What does China buy most from Australia?
Iron ore, gas and coal make up the bulk of Australian exports to China (more than AUD 79 billion), but Australian service industries – led by education and tourism – are a growing part of the trade relationship.
What does dumping of wine mean?
The selling of products below cost or for less overseas than in their home market is viewed as dumping. … One winemaker in China said the investigation by the Ministry of Commerce was politically motivated as there was room in the local market for domestic and imported wine.
What is the trade dispute between Australia and China?
The dispute escalated in 2020, when Australia joined 14 other countries to demand further investigation into the origins of the coronavirus. China responded by placing tariffs and restrictions on Australia’s major exports including seafood, beef, wine, coal and barley.