China's Demand For Imported Spirits Remains High
Date£º
2017-08-04 13:17 Source£º
www.thedrinksbusiness.com/ Author:
Natalie Wang Translator:
Currently one of the world¡¯s biggest spirits consumers, China¡¯s appetite for imported spirits remains insatiable with the latest figures from Chinese Customs suggesting significant growth in both volume and value.
China¡¯s brandy imports totalled 14.88 million litres in the first half of 2017, up by 20.6%, while its value climbed by 25.3% to US$327 million over the same period last year.
From January to June, China imported 7.73 million litres of whisky, a year-on-year increase of 11.2% in volume, while its import value jumped 13.9% to US$62.01 million over the same period the previous year.
The UK is ranked the number one source for China¡¯s imported whisky with 6.6 million litres, worth about US$54 million, exported to China from January to June this year, making up 85.5% of the total volume and 88.1% of total value, followed by the US, Japan, Taiwan and South Korea.
Whisky proved most popular in Shanghai with around 4.85 million litres, worth US$39 million, consumed in the city during the period, far ahead of Beijing, Guangdong, Tianjin and Fujian provinces.
In terms of vodka, Sweden remains the country¡¯s biggest supplier, responsible for US$22.3 of total import volume and 27.6% total import value, followed by the UK, France, Poland and the US. It¡¯s worth noting that in the first half of the year, the UK and US have overtaken Russia and Latvia to be among China¡¯s top five vodka importers.
From January to June, China imported 2.64 million litres of vodka worth about US$7.14 million, representing a 108% jump in volume and a 71.2% increase over last year.
Rum imports during the period increased in both volume and value with total volume reaching 1.26 million litres and value at US$3.6 million.
The country¡¯s tequila and gin imports remain small compared with other categories. Its total gin imports during the period amounted to 650,000 litres, while tequila imports stood at 480,000 litres.
(https://www.thedrinksbusiness.com/2017/08/chinas-demand-for-imported-spirits-remains-high/)