Hong Kong’s top 10 biggest wine importers

As Hong Kong’s overall wine market recovers, we reveal the top 10 biggest wine importers by volume and how they have fared between 2010-2014.

hong kongHong Kong’s wine market is gradually improving from 2013’s slump but according to the recent International Wine and Spirits’ study commissioned by Vinexpo, the starkest change is the shift from premium to entry level wines as the average price per bottle of still wine falls from HK$154 to HK$124.

This growth in the entry level segment has been accredited to more tourists from Mainland China who benefit from Hong Kong’s zero tax on wine, as well as an increase in a younger, internationally educated generation who are looking to drink more every day wine.

Additionally, the 2014-2019 compound annual growth rate (CAGR) by category is most seen in the entry level segment at 4%, in comparison to the premium category which is forecast at only 0.2% as en primeur buyers continue to drink their existing stock and delay buying until they see a good deal.

In terms of style, red wines remain most popular with France still in the lead, while Chilean and Spanish wines have soared due to the popularity of Hong Kong’s Spanish restaurants and bars and the wines’ perceived value for money.

Here are Hong Kong’s biggest wine importers by volume and how the figures have changed from 2010 to 2014.

One Response to “Hong Kong’s top 10 biggest wine importers”

  1. Milos says:

    Wow! It is either quite new flag of Germany or someone doesn’t know how it looks like…

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