Price for Wine; Still, in Containers Holding More than 2 Litres in China - 2023
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in China (CIF) - 2023
- Price for Wine; Still, in Containers Holding More than 2 Litres in China (FOB) - 2022
- Imports of Wine; Still, in Containers Holding More than 2 Litres in China
- Exports of Wine; Still, in Containers Holding More than 2 Litres in China
Price for Wine; Still, in Containers Holding More than 2 Litres in China (CIF) - 2023
In December 2023, the average import price for wine; still, in containers holding more than 2 litreses amounted to $615 per thousand litres, surging by 5% against the previous month. In general, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 44% m-o-m. The import price peaked at $1.2 per litre in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1.8 per litre), while the price for Chile ($542 per thousand litres) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding More than 2 Litres in China (FOB) - 2022
In 2022, the average export price for wine; still, in containers holding more than 2 litreses amounted to $1.4 per litre, picking up by 11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 245%. As a result, the export price reached the peak level of $4.2 per litre. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($3 per litre), while the average price for exports to South Korea ($0.7 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding More than 2 Litres in China
In 2022, imports of wine; still, in containers holding more than 2 litreses into China fell to 133M litres, therefore, remained relatively stable against 2021 figures. Over the period under review, imports showed a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 0.7%. Over the period under review, imports of hit record highs at 142M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of wine; still, in containers holding more than 2 litreses reached $149M in 2022. Overall, imports continue to indicate a pronounced contraction. Over the period under review, imports of hit record highs at $158M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Wine; Still, in Containers Holding More than 2 Litres in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 77.2 | 48.2 | 77.6 | 90.7 | 5.5% |
| France | 10.4 | 15.3 | 18.1 | 23.9 | 32.0% |
| Spain | 7.2 | 4.3 | 10.3 | 14.7 | 26.9% |
| United States | 5.5 | 6.3 | 7.9 | 5.6 | 0.6% |
| Australia | 48.1 | 55.3 | 10.1 | 4.7 | -53.9% |
| Italy | 2.1 | 2.6 | 3.8 | 4.1 | 25.0% |
| South Africa | 0.3 | 0.7 | 4.6 | 1.9 | 85.0% |
| Argentina | 3.1 | 18.3 | 10.9 | 1.4 | -23.3% |
| Others | 4.1 | 1.4 | 1.6 | 1.7 | -25.4% |
| Total | 158 | 152 | 145 | 149 | -1.9% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to China in 2022:
- Chile (89.3M litres)
- France (17.5M litres)
- Spain (10.7M litres)
- United States (3.2M litres)
- Argentina (3.1M litres)
- South Africa (2.5M litres)
- Italy (2.3M litres)
- Australia (1.9M litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in China
In 2022, approx. 154K litres of wine; still, in containers holding more than 2 litreses were exported from China; falling by -12.3% on the previous year's figure. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 49%. The exports peaked at 207K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of wine; still, in containers holding more than 2 litreses reduced modestly to $220K in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year. The exports peaked at $396K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Wine; Still, in Containers Holding More than 2 Litres in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic People's Republic of Korea | 183 | 12.9 | N/A | 120 | -13.1% |
| Hong Kong SAR | 56.9 | 107 | 23.8 | 71.6 | 8.0% |
| South Korea | 5.7 | 15.7 | 34.7 | 19.2 | 49.9% |
| Singapore | N/A | N/A | N/A | 7.6 | 0% |
| Malaysia | N/A | 42.2 | N/A | N/A | 0% |
| France | 45.6 | N/A | 87.4 | N/A | 38.4% |
| Myanmar | 35.3 | 36.2 | 26.0 | N/A | -14.2% |
| Italy | N/A | N/A | 45.4 | N/A | 0% |
| Others | 69.3 | 0.2 | 7.6 | 1.6 | -71.5% |
| Total | 396 | 214 | 225 | 220 | -17.8% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from China in 2022:
- Democratic People's Republic of Korea (94.3K litres)
- South Korea (29.1K litres)
- Hong Kong SAR (27.8K litres)
- Singapore (2.5K litres)
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