21 Feb 2013

China will become sixth biggest wine-producer

 
 
Vinexpo and The International Wine and Spirits Research together investigated the wine market and found out that by 2016 China will come from 8th to 6th place among the world wine-producing countries. Robert Beyne, the head of Vinexpo remarked that the quality of Chinese wine kept improving and that would become a problem for French wine-makers due to the competition. Besides exerts stated that China will take the second place after the USA and before France and the UK in terms of value of wine consumption by 2016. They also wait for decrease of volume of import of wine in Chine within next 5 years to balance the increase of production. In 2007 – 2011 the volume of sales in China grew to 194,5%, the forecast of the this rate in 2012-2016 is lower – 47%, writes Vinum.Ru. Source – www.alconews.ru