14.03.2011 - Vinexpo news selection
While imported wines only represent 14.7% of the wines consumed in China, the growth in their consumption is spectacular: up 392.99% between 2005 and 2009 with expected further growth of 56% from 2010 to 2014.
Similarly, the consumption of wines priced more than US$10 per bottle should grow by 104% between 2009 and 2014.
The total sales turnover of wine increased by 156% between 2005 and 2009, one and a half times faster than the growth in volumes consumed, which was 104%.
This rate of growth should continue from 2010 to 2014; a 31.5% increase in value and 19.63% in volume are expected. The total wine sales figure by the end of the period should reach US$6 billion. (VINEXPO - The iwsr / 21 February 2011)