Industry Analysis & Industry Trends
Revenue within the Wine Manufacturing industry in China is expected to increase by 17.2% in 2011 to $6.25 billion, with annualized growth of 24.8% in the past five years (constant 2011 dollars). Domestic demand is expected to total $7.38 billion in 2011, up 19.7% from 2010, with an annualized growth rate of 27% in the past five years. The rapid increase of domestic demand in the past decade attracted many foreign enterprises into the Chinese wine market. Import tariffs were reduced from 2002, which greatly stimulated import growth. The government also issued policies reducing the domestic excise tax of imported wine.
The industry's enterprise numbers are forecast to total 264 by the end of 2011, up 7.3% from 2010.... purchase to read more
Industry Report - Industry Products Chapter
Before 1995, most wines produced in China were sweet wines and half-juice or half-water wines. Some of these products continued existing in the market after the development of dry wines in the late 1990s, until the government prohibited them in 2003. Quality of the half-juice wine was difficult to be measured or guaranteed, as many small manufacturers could reduce the concentration of grape juice at will. In order to standardize the wine market, the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China officially prohibited the production of half-juice wines in May 2003 and stopped sales after July 2004.
Wines in the Chinese market are now made of 100% grape juice... purchase to read more