The Hong Kong Special Administrative Region (HKSAR) government announced Thursday [9 November 2017] that wine re-exported from Hong Kong will enjoy instant customs clearance in all districts of the Chinese mainland from Nov. 9 onwards. This extension of customs facilitation measures is introduced to support international wine traders in tapping Chinese mainland market and strengthen Hong Kong’s position as Asia’s wine hub, a spokesman for the Commerce and Economic Development Bureau of the HKSAR government said…Full Article: Xinhua Nov 2017
- From 2007 to 2016, according the Hong Kong Trade Development Council (HKTDC), Hong Kong’s wine imports increased from approximately USD 206 million to USD 1.54 billion (~USD 975 million of which was from France).
- From 2015 to 2016, Hong Kong’s wine imports increased from 54.7 million liters to 62.9 million liters. In 2016, approximately 95% of Hong Kong’s wine imports were comprised of bottled wine, while the remaining share was bulk wine and sparkling wine. France, Australia, the USA, and Chile were the largest wine suppliers to the Hong Kong market.
- In 2013, China (including Hong Kong) consumed 1.87 billion bottles of wine (155 million 9-liter cases or 1.39 billion liters) of wine.
- 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.
Hong Kong Trends