Imports of Alcohol Consumption China Development
Especially true for alcohol consumption in China, many foreign countries import what they have to sell. Foreign brands constantly take market share away from existing domestic brands in spirits, beer, and wine. With this tremendous growth potential, Mersol & Luo implement localised expertise to achieve forward-looking strategies and avoid common risks and challenges to importing China into a worthwhile company.
In certain respects, the Government is leading to this development, as it is constantly reducing the rate of VAT, duties and tariffs on international products. VAT is decreasing, and the Chinese Government is showing a wider tendency to reduce the cost of manufactured products. Countries with which China now has free trade agreements—will profit more from this.
Opportunities for Wine, Beer and Spirits Producers in the Growing Market
Imports China – Wine
Fast Rising Import Growth in North Asia
Wine is the most common form of Alcohol in China, with the country being the largest importer in the world. According to Chinese customs, 745.8 million litres of Alcohol were imported in 2017. The wine culture, which includes knowledge and understanding of wine, is growing, especially in large urban areas, although on a relatively low basis.
While France remains the single largest wine import source, this is changing rapidly as local customers grow accustomed to the quality and varieties of other regions and exporting countries, such as Chile, which benefit from free trade agreements, allowing higher price competition.