China Remains the Leading Producer on the Asian Wine Market

Wines June 27, 2018
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Asia - Wine - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "Asia: Wine - Market Report. Analysis and Forecast to •••". Here is a summary of the report’s key findings.

Asian Wine Market Reached ••• Liters, Accelerating Slightly over the Last Four Years

In 2016, Asian wine market reached $••• in wholesale prices. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). 

In physical terms, the market achieved ••• liters in 2016. There was an upward trend from 2007 to 2016 with acceleration over the last two years. China was the country with the highest wine consumption, with ••• liters consumed in 2016, which accounted for •••% of Asian market (IndexBox estimates). It was followed by Japan (•••%), and Georgia (•••%). Each of the other countries in the Asian region is responsible for no more than •••% of the total volume of consumption.

Asian Wine Market Is Expected to Reach ••• Liters in •••

China is the major wine consuming country in the Asia; in addition, low market saturation and population growth in this country is encouraging consumption increase. Consumption in China is set to remain consistently high in the medium term, and China will retain it tangible position on the Asian wine market. 

At the same time, globalization is exerting an impact on the spread of wine: the product is becoming increasingly popular in east Asian countries which were not previously renowned for an established, developed culture of wine consumption (except rice wine). 

At the same time, the wine market in the Asian region is diverse, as many Asian countries profess Islam, which prohibits the use of alcohol. However, the development of tourism in these countries stimulates the demand for wine in tourist areas. 

In addition, in some Asian countries, winemaking has deep traditional roots (for example, in Georgia), or is a legacy of the colonial period (Vietnam, India, etc.), which explains a certain level of sustainable demand for wine. 

The emergence of a middle class, a sizeable, rapidly increasing population, and rising household incomes may be viewed as the driving factors accounting for wine consumption in the developing-economy markets, primarily in South-East Asia. The reasons listed above, along with ongoing urbanization and an increasingly popular 'Western' lifestyle, are contributing to the wine consumption culture in Asian countries. Despite the current low figures in terms of per capita consumption and certain restrictive factors, such as the slow transition from traditional alcoholic beverages towards wine products, religious consumption patterns, among others, the Asian countries are set to become the impetus for increased global wine consumption. 

As a result of the factors highlighted above, the Asian wine market is projected to expand at an accelerated rate of up to, on average, +•••% a year; this is expected to result in increased consumption of up to ••• liters by •••

Production of wine accelerated over the last years Production of wine reached ••• liters in 2016, with an upward trend over the last few years. Production volume was relatively stable from 2007 to 2012, with a notable growth in the following years. It expanded with a CAGR of +•••% from 2007 to 2016.

In 2016, Asian wine production value increased by •••% to $••• in 2016, fluctuating somewhat notably over the last ten years against changes in prices.

China Remains the Leading Wine Producer

China was the key Asian wine producing country with an output of about ••• liters in 2016, which accounted for •••% of total Asian output. The other major producers were Georgia (••• liters), Japan (••• liters), Turkmenistan (••• liters), Uzbekistan (••• liters) and Turkey (••• liters).

The most notable growth rate in wine production among the main producing countries from 2007 to 2016 was attained by Turkey (+•••% per year), Uzbekistan (+•••% per year), and Japan (+•••% per year) while China experienced more modest paces of growth. However, despite the slower average annual growth rates, in absolute terms, China's production growth is the fastest in the Asian region.

Georgia and Hong Kong Remain the Largest Wine Exporters in the Asian Region

In 2016, the volume of Asia exports totaled ••• litres. Exports increased significantly from 2007 to 2014. In 2015, Asian wine exports dropped by •••% to ••• litres, however, in 2016 exports reaching its highest level. 

Georgia (•••%), Hong Kong (•••%), Israel (•••%) and Singapore (•••%) were the main Asian suppliers of wine, with a combined share of •••% of Asian exports. From 2007 to 2016, Hong Kong (+•••% per year) and Georgia (+•••% per year) were the fastest growing suppliers amongst the major exporters. 

Hong Kong and Georgia strengthened their shares in the structure of Asian exports by +••• percentage points and +••• percentage points, respectively. Meanwhile the share of Israel reduced from •••% in 2007 to •••% in 2016. 

China Remains the Main Consumer of Wine Imports in the Asian Region

The volume of Asian imports totalled ••• litres in 2016, which was ••• litres (or +•••%) more than year before. From 2007 to 2016, Asian wine imports increased steadily, acellerating over last two years, when imports grew by +•••% in 2015. In value terms, the total value of wine imports  stood at $•••, with a CAGR of +•••% over the period under review. 

In 2016, China (•••%) and Japan (•••%) were the leading destinations for wine imports, together making up •••% of Asian imports in physical terms. Amongst the major importing countries China (+•••% per year) posted the highest annual growth rates from 2007 to 2016. Meanwhile, Japan indicated more moderate growth rates of imports (+•••%) over the period under review. 

In addition, the share of China in terms of the Asian imports increased significantly from •••% in 2007 to •••% in 2016, while the share of Japan reduced by -••• percentage points throughout the same period.

Do you want to know more about the Asian wine market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • wine market share
  • wine prices
  • wine industry
  • wine sales
  • wine import
  • wine export
  • wine market forecast
  • wine price forecast
  • key wine producers

Source: Asia: Wine - Market Report. Analysis and Forecast to •••

Product coverage: wine.

This report provides an in-depth analysis of the wine market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage: Afghanistan, Bahrain, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China, China, Hong Kong SAR, China, Macao SAR, Dem. People's Rep. of Korea, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lao People's Dem. Rep., Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Oman, Pakistan, State of Palestine, Philippines, Qatar, Saudi Arabia, Singapore, Rep. of Korea, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Timor-Leste, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Viet Nam, Yemen.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production in Asia, split by region and country;
• Trade (exports and imports) in Asia;
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY

8. IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

11. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
Afghanistan
Bahrain
Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China
China, Hong Kong SAR
China, Macao SAR
Dem. People's Rep. of Korea
India
Indonesia
Iran
Iraq
Israel
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Lao People's Dem. Rep.
Lebanon
Malaysia
Maldives
Mongolia
Myanmar
Nepal
Oman
Pakistan
State of Palestine
Philippines
Qatar
Saudi Arabia
Singapore
Rep. of Korea
Sri Lanka
Syria
Taiwan
Tajikistan
Thailand
Timor-Leste
Turkey
Turkmenistan
United Arab Emirates
Uzbekistan
Viet Nam
Yemen

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Physical Terms, By Country, 2007–2017
Table 7: Imports, In Value Terms, By Country, 2007–2017
Table 8: Import Prices, By Country Of Destination, 2007–2017
Table 9: Exports, In Physical Terms, By Country, 2007–2017
Table 10: Exports, In Value Terms, By Country, 2007–2017
Table 11: Export Prices, By Country Of Origin, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Exports And Growth
Figure 11: Export Prices And Growth
Figure 12: Market Size And Growth
Figure 13: Per Capita Consumption
Figure 14: Imports And Growth
Figure 15: Import Prices
Figure 16: Production, In Physical Terms, 2007–2017
Figure 17: Production, In Value Terms, 2007–2017
Figure 18: Production, By Country, 2017
Figure 19: Production, In Physical Terms, By Country, 2007–2017
Figure 20: Imports, In Physical Terms, 2007–2017
Figure 21: Imports, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, By Country, 2017
Figure 23: Imports, In Physical Terms, By Country, 2007–2017
Figure 24: Imports, In Value Terms, By Country, 2007–2017
Figure 25: Import Prices, By Country, 2007–2017
Figure 26: Exports, In Physical Terms, 2007–2017
Figure 27: Exports, In Value Terms, 2007–2017
Figure 28: Exports, In Physical Terms, By Country, 2017
Figure 29: Exports, In Physical Terms, By Country, 2007–2017
Figure 30: Exports, In Value Terms, By Country, 2007–2017
Figure 31: Export Prices, 2007–2017