The biggest wine deal in Chinese history ended in tragedy last month when billionaire Hao Lin, his 12-year-old son and two other people were killed in a helicopter crash, their aircraft plunging into the River Dordogne as they toured a chateau and vineyard in Bordeaux. The 46-year-old hotel tycoon had just purchased the historic Chateau de la Riviere for a reported 30 million euros ($41 million), to date China’s biggest deal by value in the estates of one of the world’s most famous regions for fine wine…Full Article: China Daily Jan 2014

Key points

  • To date, Chinese investors have bought approximately 70 Bordeaux area chateaus (~1% of Bordeaux’s 8,000 chateaus)
  • From 2002 to 2012, Chinese per capita consumption of wine rose from 0.25 liters per year to 1.31 liters

ChinaAg Comment

  • From 2007 to 2012, mainland China’s bottled wine imports skyrocketed from 42.2 million liters to 264.2 million liters (+525%), while equivalent import values increased from US$184 million to US$1.37 billion (+648%). France was the top supplier and saw its import market share (by volume) increase from 37% to 48% over the same time period. In a distant second was Australia, with an import market share that dwindled from 21% to 13%. The next largest suppliers, Spain and Chile, each saw their market share increase two percent, accounting for a 10% and 8% share in 2012, respectively.

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