LINE

    Text:AAAPrint
    Economy

    Italian wine matures in the Chinese market

    1
    2017-09-29 10:05China Daily Editor: Gu Mengxi ECNS App Download
    A man pours Italian wine at the Third China International Consumer Products Exhibition in Beijing. (Photo provided to China Daily)

    A man pours Italian wine at the Third China International Consumer Products Exhibition in Beijing. (Photo provided to China Daily)

    Most Chinese consumers are less familiar with Italian wines than they are with other foreign rivals such as wines from France and Australia, which entered the China market earlier.

    But as Italy pushes ahead with promotions of its wines, it may not be long before Chinese consumers list the exotic Italian wines.

    This kind of wine takes leading market shares in some mature Western markets, among their favorite drinks during get-togethers or in bars.

    The Beijing-based China Wine Platform Group, an agent of premium imported wines, has been cooperating with wine brands from France, Spain, New Zealand, the United States, Argentina and Chile. It signed an exclusive cooperation agreement recently with Italy's Sartori chateau, which was founded in 1898.

    Ettore Sequi, the Italian ambassador to China, said the country has some 400 different qualities of grapes, and some 800 different kinds of wines. He is bullish on the growth potential of Italian wines in China.

    "Italy is the first producer and exporter of wines in the world. In many markets, such as the United States, Canada and the United Kingdom, Italy takes a leading position in export in terms of quantity and volume," he said.

    "Italian wines combine top quality with very affordable prices, which makes it excellent value for money."

    With a growing middle-class, China has increasing numbers of consumers who are pursuing high-quality lifestyles, and the consumption of imported wines has become more widespread in China, where drinking wines has not been a tradition.

    In the first half of 2017, China imported a total of 0.34 billion liters of wines, increasing 12.66 percent year-on-year. Of that total, China imported 0.25 billion liters of bottled wines, jumping 13.93 percent year-on-year, according to data from the General Administration of Customs.

    During the period, France, Australia and Chile stood out as the top three importing countries of origin. Italian wines have performed outstandingly, as China imported 14.96 million liters of Italian wine, growing 17 percent over the previous period. Those imported Italian wines were worth $67.37 million, adding 18.28 percent year-on-year.

    In the first six months of 2017, Italian wines accounted for 5.9 percent of the market share in China among imported wines, higher than the 5.1 percent in the same period last year, according to Customs.

    Li Zhishuo, president of China Wine Platform Group, said the imported wine market in China has been growing solidly, and it will be an inevitable consumer trend to choose Italian wines.

    "Now it's the best time to add Italian wines into our product category. I believe that Italian wines will soon become our core competence, with its diversity and richness. I expect that in the next few years, more agents of imported wines in China will cooperate with well-known chateaus in Italy."

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 丰都县| 青龙| 蕉岭县| 上林县| 临海市| 陵川县| 雷波县| 安阳县| 中宁县| 南投市| 锡林郭勒盟| 凌源市| 彰武县| 鄄城县| 象山县| 交口县| 曲水县| 天等县| 商丘市| 诏安县| 高邑县| 宝清县| 郎溪县| 贡山| 苍梧县| 金华市| 宣武区| 新田县| 大兴区| 永泰县| 凤翔县| 依兰县| 雷州市| 贵德县| 乌拉特前旗| 历史| 峨边| 丰台区| 彭水| 贺兰县| 买车|