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Our Asia's Top 50 Wine Importers Report is now live! For wine producers and global brands, understanding Asian markets is essential for successful market entry, growth, and long-term positioning. This 125-page report provides not just a snapshot of the top players, but also the strategies, consumer trends, and regulatory insights that will empower you to make informed decisions. Whether you're looking to establish a foothold in a new market or optimize your existing presence, this report serves as a roadmap, offering critical intelligence on the challenges, opportunities, and best practices for thriving in Asia's complex wine ecosystem. Each company proflie includes company size, staff number, portfolio, distribution channels, latest sales revenue in addition to key contact details. if you want to get a taste of the report, feel free to reach out for a sample. Download the full report here: https://lnkd.in/gVMKvZGa #wine #intelligence #report #asia #wineimporters #Japan #SouthKorea #China #HongKong #Singapore #Thailand #Vietnam #Philippines #Taiwan #India #ranking #top50 #winetaxes #taxes

After months of research and hard work, I am so thrilled to announce we are launching our Asia's Top 50 Wine Importers next week on October 8. This 115-page report spans the vast and diverse wine markets of Asia, profiling the leading importers from established giants in Japan, South Korea, China, Singapore, and Hong Kong to emerging growth hubs in Thailand, Vietnam, India, the Philippines, and Taiwan. Each market offers its own unique opportunities, but collectively, they illustrate Asia’s significant role in the global wine landscape. Asia, home to over 4.8 billion people and accounting for 60% of the global population, is no longer just an emerging player in the wine industry—it’s the future. Our extensive research and interviews have uncovered the top 50 wine importers in Asia, with 25 reporting annual sales exceeding US$ 10 million, 22 surpassing US$30 million, and 7 exceeding US$100 million. This report provides not just a snapshot of the top players, but also the strategies, consumer trends, and regulatory insights that will empower you to make informed decisions. You can join the waitlist here: https://lnkd.in/gXbmRags #report #intelligence #asia #japan #korea #singapore #hongkong #china #india #thailand #vietnam #malaysia #philippines #taiwan #wine #winemarket #revenue #marketanalysis #analysis #top50 #wineimporter #asiastop50wineimporters

Hong Kong has recently slashed its spirits tax to just 10%, a transformative move that could solidify its status as Asia's leading hub for wine and spirits trading. Previously, spirits with an alcohol by volume (ABV) of 30% or higher were taxed at a staggering 100%, one of the highest rates in the world. This bold decision aims to attract global brands, boost trade, and revitalise tourism, echoing the success of 2008 when the elimination of wine duty led to a significant increase in wine trade over the following decade. Experts are already calling it a "positive development," predicting an influx of rare and premium spirits into the market. Moreover, local Chinese liquor brands, particularly baijiu, are set to thrive in this new environment. The tax reduction is also expected to encourage more whisky producers to see Hong Kong as an attractive destination for both production and distribution, fostering a vibrant and competitive marketplace that benefits consumers and producers alike.

A long-term view on the rise and dramatic fall of China's wine consumption and production. China's wine consumption peaked in 2017 and fell by 65%. China's wine production peaked in 2012 (!) and fell by 80%. https://lnkd.in/efFjEgyv

Can't You Use Chinese to Promote Wine in Hong Kong? Since 2008, Hong Kong has been a flourishing wine market thanks to the elimination of wine import taxes. However, the wine industry in the city has primarily catered to a premium clientele looking for "Western art de Vivre". This approach may be limiting its growth potential. One key obstacle is the language barrier. While Hong Kong is an international hub, a significant number of local consumers still struggle with wine terminology in English. Even in some typical local restaurants where it is hard to find an English menu, wine lists are overwhelmingly in English, with no Chinese translations. This can be daunting for customers who aren't fluent in the language. I experienced this firsthand when questioning restaurant managers about the lack of Chinese on their wine lists. The standard response? "This is not what our customers expect." In other words, the industry has conditioned consumers to accept an English-only approach, rather than adapting to their linguistic needs. Yet there are compelling reasons why incorporating Chinese could help expand the wine market. For one, using the local language makes it easier to accurately describe a wine's taste profile and characteristics. Even at mid-range restaurants without sommeliers, staff could provide more meaningful guidance to customers. Moreover, studies show that people are more receptive to information presented in their native tongue. A friend of mine, for example, would avoid certain restaurants simply because she couldn't read the menu in Cantonese. The same hesitation likely applies to wine lists. Encouragingly, I did spot one Hong Kong convenience store, 759 Store, 759阿信屋, that was using Chinese to explain its wine offerings - a refreshing departure from the norm. This suggests there is an appetite for a more localized approach. So what's holding the wine industry back? Is the assumption that "Western" branding is essential too deeply ingrained? As Hong Kong's wine market continues to evolve, I believe embracing the local language could be a game-changer - making wine more accessible, engaging, and welcoming to a broader consumer base. What are your thoughts on leveraging Chinese to promote wine in Hong Kong and other markets? I'm curious to hear your perspective on this potentially untapped opportunity. #HongKongWineMarket #HongKongFoodAndBeverage #ThinkOutOfTheBottle #HongKongCatering #WineLover

Wine Export Dependency on China, 2023. Aside from Hong Kong, Chile is highly exposed to the (shrinking) Chinese wine market. 13.5% of Chile's wine export went to China. Similarly, 5.1% of U.S. exports and 4.6% of Georgia's export were shipped to China. France, the world's largest wine exporter and also the largest wine exporter to China, is less exposed (3.6%). https://lnkd.in/ecn_ftDT

In the last five years, various companies from diverse backgrounds have ventured into exporting coffee from Mexico to international markets. This shift highlights Mexico's emergence as a key player in the coffee industry, celebrated for its unexplored potential, distinct flavor profiles, and exclusive terroirs. Learn more about the complexities of exporting Mexican coffee: https://lnkd.in/drVGyXTZ

🌟 Exciting Update for my LinkedIn Connections! 🌟 I'm thrilled to share a recent article by International Supermarket News that holds special significance for me. A few years ago, I collaborated with Linette Wallace from Lincolnshire Open Research and Innovation Centre (LORIC), Bishop Grosseteste University to study the position of Malaysian products in the UK market. This article beautifully encapsulates the findings of our survey and sheds light on the burgeoning demand for Malaysian products in the UK. It's truly gratifying to see how our research has contributed to understanding consumer preferences and market trends. I invite you to read the full article ''Malaysian cuisine enjoys a breakthrough moment with British palates'' to learn more about the fascinating journey of Malaysian products in the UK market and the opportunities it presents for businesses and consumers alike. https://lnkd.in/e5BgnGPx But the journey doesn't stop there! We've been diligently working to support and assist Malaysian entrepreneurs in expanding their presence in foreign markets. In January of this year, we organized a successful trade mission, bringing together 17 Malaysian companies to explore opportunities in the UK market. And there's more to come! Our latest project under the Ministry of Agriculture and Food Security involves a business pitching event showcasing Malaysian products. Scheduled for the end of March, this initiative aims to further promote Malaysian goods and foster international partnerships. Thank you for your continued support and interest in our work! #MarketResearch #MalaysianProducts #UKMarket #InternationalBusiness #LinkedInCommunity

A long-term view on the rise and dramatic fall of China's wine consumption and production. China's wine consumption peaked in 2017 and fell by 65%. China's wine production peaked in 2012 (!) and fell by 80%. [Repost]

Last day in Hong Kong. It's been an amazing visit. With a population of approximately 7.5M people, living on a land mass of 1,050 square kilometres (less than half the size of the ACT), it's the six most densely populated region in the world. What I've learned by listening & watching is as follows; - COVID has had an impact on wine trade (feels very similar to Singapore). - like many countries, Australian brands like Yellow Tail & Jacob's Creek can be found in many convenience stores. - there are many great wine bars, who do stock trendy Australian wine brands (this is exciting). - it's a gate way to getting wine into mainland China, suggesting Australian export growth data for HK may be misleading?? - French wine still dominate many wine lists & retail (this can change in time). - it's a busy, high energy & wealthy city (fourth wealthiest city in the world (Ref:Forbes). There are many opportunities for Australian winemakers in Hong Kong. I feel there is a sweet spot in the market for wines with fair and competitive FOB prices...with genuine and interesting stories. Also wine styles that suit the hot & humid weather will start to lift the eye brows of sommeliers & buyers. As I've stressed over the past 12 months, the best and only way to build markets overseas is to travel, work progressively with your importer and be positive. A big thanks to all the people who support Ricca Terra in Hong Kong. It's very much appreciated....and I'll be back soon.