China - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in China - 2023
Contents:
- Sparkling Wine Price in China (CIF) - 2023
- Sparkling Wine Price in China (FOB) - 2022
- Sparkling Wine Imports in China
- Sparkling Wine Exports in China
Sparkling Wine Price in China (CIF) - 2023
In June 2023, the average sparkling wine import price amounted to $8.8 per litre, with an increase of 3.8% against the previous month. Overall, the import price saw a slight expansion. The growth pace was the most rapid in October 2022 when the average import price increased by 107% m-o-m. As a result, import price reached the peak level of $23.5 per litre. From November 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($26.3 per litre), while the price for Spain ($2.9 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced a decline.
Sparkling Wine Price in China (FOB) - 2022
The average sparkling wine export price stood at $23 per litre in 2022, rising by 92% against the previous year. Overall, the export price enjoyed perceptible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($21 per litre), while the average price for exports to South Korea ($1.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sparkling Wine Imports in China
Sparkling wine imports into China fell remarkably to 8.2M litres in 2022, reducing by -26.2% against 2021. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure at 14M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, sparkling wine imports contracted notably to $87M in 2022. Overall, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58%. As a result, imports attained the peak of $113M, and then reduced markedly in the following year.
| Import of Sparkling Wine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 48.5 | 44.8 | 82.5 | 62.6 | 8.9% |
| Italy | 21.0 | 15.2 | 20.3 | 16.6 | -7.5% |
| Spain | 5.5 | 4.6 | 5.9 | 4.8 | -4.4% |
| Germany | 1.8 | 1.4 | 1.5 | 0.7 | -27.0% |
| Australia | 4.7 | 4.1 | 1.2 | 0.6 | -49.6% |
| Others | 2.7 | 1.9 | 1.9 | 1.7 | -14.3% |
| Total | 84.3 | 72.0 | 113 | 87.0 | 1.1% |
Top Suppliers of Sparkling Wine to China in 2022:
- Italy (4.4M litres)
- France (1.6M litres)
- Spain (1.6M litres)
- Germany (0.2M litres)
- Australia (0.1M litres)
Sparkling Wine Exports in China
In 2022, exports of sparkling wine from China reduced to 111K litres, waning by -8.1% against 2021 figures. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 35%. The exports peaked at 196K litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, sparkling wine exports surged to $2.6M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sparkling Wine in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 39.3 | 7.7 | 23.6 | 249 | 85.0% |
| South Korea | 72.9 | 45.8 | 38.9 | 41.1 | -17.4% |
| Philippines | N/A | N/A | N/A | 32.6 | 0% |
| United States | 197 | 31.8 | 13.0 | 25.1 | -49.7% |
| France | 400 | 60.9 | 1.8 | 23.7 | -61.0% |
| Singapore | 240 | 55.5 | 13.0 | 11.6 | -63.6% |
| Japan | 19.3 | 18.5 | N/A | 6.3 | -31.1% |
| Germany | 43.6 | 2.4 | 2.5 | 2.0 | -64.2% |
| Hong Kong SAR | 650 | N/A | N/A | N/A | 0% |
| Panama | 31.1 | N/A | N/A | N/A | 0% |
| Democratic People's Republic of Korea | 81.1 | N/A | N/A | N/A | 0% |
| Myanmar | 112 | N/A | 2.2 | N/A | -86.0% |
| Others | 87.0 | 1,296 | 1,380 | 2,206 | 193.8% |
| Total | 1,973 | 1,518 | 1,475 | 2,597 | 9.6% |
Top Export Markets for Sparkling Wine from China in 2022:
- South Korea (26.4K litres)
- Australia (12.9K litres)
- Philippines (8.2K litres)
- United States (3.4K litres)
- France (1.4K litres)
- Japan (0.5K litres)
- Singapore (0.3K litres)
- Germany (0.3K litres)
This report provides an in-depth analysis of the sparkling wine market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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