DUBLIN, July 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "China Wine Industry Overview, 2011-2020" report to their offering.
In the daily life of the most Chinese consumers, the consumption of liquor and beer accounts for most of the alcoholic beverages, and Chinese wine market still remains immature. However, with the rising resident income and the enhancement of life tastes and consumption level, wine has the increasingly large development space. In 2015, the wine consumption per capita was about 1.2 liters accounting for less than 1/3 of the global as well as 1/10 of the U.S. Therefore, there are great development potentials.
From 2011 to 2012, the output volume of wine in China was fast-growing, and CAGR of output volume was as high as 17%. The output volume reached the maximum of 1.38 billion liters in 2012. From the end of 2012 on, the output volume of domestic wine suffered from the decline because of the impact from the imported wine and the upgrading of domestic consumption structure. In 2015, the output volume of China wine industry reached 1.14 billion liters with a decline of 0.35% YOY. According to Free Trade Agreement between China and Chile, China imposes zero tariffs on Chilean wines, only the 10% consumption tax from Jan. 1, 2015. On Jun. 17, 2015, China signed the free trade agreement with Australia, which meant that Australian wine would enjoy zero tariffs in 2019. Zero tariff policy directly stimulates the increase of imported wine. In 2015, China imported 5.54 liters' wine with an increase of 44% YOY; value of import reached USD 20.32 with an increase of 34% YOY. Quite a lot is raw wine, which is sold in small packages with the split charging of domestic enterprises.
With the improvement of Chinese residents' living standard and the upgrading of consumption concept, there is a bright prospect in Chinese wine consumption market. Cooperating with foreign famous wine brands, domestic wine enterprises engage in the purchase of foreign wineries. Other enterprises or individuals commence with investment in foreign wineries so as to seize the huge business opportunities.
According to the research, leading enterprises included Yantai Changyu Pioneer Wine Co., Ltd., China Foods Limited, Grand Dragon Wine Co., Ltd., CITIC Guoan Wine Co., Ltd. and Tonghua Winery Co., Ltd. in 2015. CR5 of 2015 was less than 20%, and the market competition was very fierce. Based on the evaluation, CAGR of sales value in the Chinese wine market will exceed 10% from 2016 to 2020. There are many opportunities for wine enterprises in Chinese market.
Key Topics Covered:
1 Research Methodology on China Wine Industry
2 Operation Status of China Wine Industry, 2011-2015
3 Analysis on Competition Status in China Wine Industry, 2011-2016
4 Top 5 Enterprises in China Wine Industry, 2013-2015
5 Analysis on Costs and Prices in China Wine Industry, 2013-2015
6 Prediction on the Development of China Wine Industry, 2016-2020
- CITIC Guoan Wine Co., Ltd.
- China Foods Limited (Its wine brand is Great Wall)
- Grand Dragon Wine Co., Ltd.
- Tonghua Winery Co., Ltd.
- Yantai Changyu Pioneer Wine Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/splj58/china_wine
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-wine-industry-overview-2016---research-and-markets-300299441.html
SOURCE Research and Markets