China’s wine production may drop , wine imports increase
As per the industry assessment, China’s wine production may drop by 10.4% in 2017 .
The county’s total wine production has been dropping since 2013. In 2016, total production was 11.37 million hectolitres, a 1% decline compared to 2015, and 2017 showed negative growth from February to June. According to the National Statistics Bureau, the drop may reach 10.4% by the end of the year.
In the same time, China’s wine imports increase in volume and value. China is ranked as the second-largest vineyard in the world by OIV, with 847,000 hectares.
China’s wine imports increase in value and volume
From January to June 2017, China imported 254 million litres of wines for US$ 1.146 billion, a 13.9% increase in volume and a 3.34% increase in value over the same period last year, according to Chinese Customs.
