France and Chile benefitting from Australia/China fallout
France and Chile have benefitted the most from in the anti dumping fallout between Australia and China, with both increasing their wine exports to China.
As reported by Forbes, French wine volume imports to China accounted for 35% of total imports to the country from January to June 2021, up from 27.6% the same time a year ago.
Chilean wine volume imports to China over the same period, meanwhile, accounted for 22.8% compared with 15.8% over the same period a year ago.
The figures come from customs data compiled by Shanghai-headquartered market research and consultancy firm Nimbility.
According to Forbes, when it comes to value sales in China, French wine now accounts for 42.8% of the market, worth US$303m, compared with 26.4% a year earlier.
Australia, meanwhile, which had a 39.6% share of the import market in terms of value in the first six months of 2020, had only 6% in the same period this year.
The Australian government made an official complaint to the World Trade Organisation earlier this year regarding the ongoing trade dispute with China.
According to Forbes, China’s overall wine imports dipped by 9% by volume and 6% by value in the first six months of 2021, as some consumers switched to baijiu, as production of the white spirit rose by 12.8% in the first half of 2021.