Fine wine sales decline sharply for 2013 Chinese festival

27th September, 2013 by Livia Xin

Fine wine sales in China during this year’s mid-autumn festival suffered a significant decline as consumers opted for cheaper labels.

0013729e47710c325bef61In particular, a famous wine retail chain in Haikou saw wine sales fell by more than 40%, with the greatest declines among high-end wine, according to The Bohai Morning Post.

Many wine retailers in China felt that they are having a hard time in sales in 2013. “There were quite a large number of customers coming to purchase fine wine as a gift for business purposes during mid-autumn holidays since 2001 to 2012, but strangely we can hardly see any customers like that this year”, according to Song Huang, chairman of Hainan Song Light Wines Ltd.

Mid-autumn festival used to be a sales peak throughout the year. It has become a tradition that people reinforce their business relations by giving fine wines to their business partners. Although many retailers adopted sales strategies to stimulate consumption, the fine wine market is experiencing a sharp downturn this year.

However, the middle and low end wine market were not influenced by this trend. Many retailers have put more strength in lower-end wine marketing. According to Hannan Huanrui trading company, their lower end wine price tagged from £20 to £80 grew more that 30% this year.

Some local wine retailers have set up online sales to expand their lower end wine market, offering more reasonably priced wine to customers.

The high-end wine market in China grew sharply since 2001. However, from the end of 2012, as the result of Chinese government’s anti-corruption campaign, fine wine sales have declined dramatically.

The lower-end wine market in China is however rising quickly this year, according to Nanhai news. The mid-autumn festival is a popular harvest festival celebrated by Chinese people which is held on the 15th day of the eighth month in the Chinese calendar. This year the holiday commence from 19th to 22th September, followed by a seven days national holidays from 1 to 7 October.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Administrative Assistant

Swig Wines Ltd
Chiswick, London, UK

HR Manager

Amathus Drinks PLC
London, UK

Beer Development Specialist

Matthew Clark
London, UK

Senior Sales Manager

Haynes Hanson & Clark
Gloucestershire, GB

Customer Services Administrator

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Group
London, UK

Inventory Analyst

Bibendum PLB
London, UK

Events Executive - Atom Supplies

ATOM Supplies Limited
London, UK

Off-Trade Sales Account Executive

Domaine Direct
Nationwide, working from a combination of home & London office.

Sales Executive/Brand Ambassador

Glenfarclas
Ballindalloch, Speyside, UK

Client Manager

Noble Rot
Wandsworth, London, GB

Spirits Investment Director

Stilnovisti
London, UK

Junior Brand Manager

Enotria Winecellars
Park Royal, London, UK

Content & Digital Assistant

ABVGlobal
London, UK

Sales Manager

Cellar Trends
London, UK

Champagne Masters 2017

Deadline : 7th July 2017

The Global Sparkling Masters 2017

Deadline : 10th July 2017

The Global Malbec Masters 2017

Deadline : 10th July 2017

The Global Syrah Masters 2017

Deadline : 18th July 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more