Price for Wine; Still, in Containers Holding 2 Litres or Less in China - 2023
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in China (CIF) - 2023
- Price for Wine; Still, in Containers Holding 2 Litres or Less in China (FOB) - 2023
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in China
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in China
Price for Wine; Still, in Containers Holding 2 Litres or Less in China (CIF) - 2023
The average import price for wine; still, in containers holding 2 litres or lesses stood at $6.9 per litre in December 2023, picking up by 10% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in February 2023 an increase of 21% month-to-month. As a result, import price reached the peak level of $7.8 per litre. From March 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($22.8 per litre), while the price for Spain ($3.6 per litre) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in China (FOB) - 2023
In December 2023, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $12.2 per litre, falling by -48.4% against the previous month. Overall, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 197% month-to-month. As a result, the export price attained the peak level of $30.3 per litre. From July 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Hong Kong SAR ($15.0 per litre), while the average price for exports to Democratic People's Republic of Korea ($2.2 per litre) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in China
In 2022, imports of wine; still, in containers holding 2 litres or lesses into China contracted significantly to 220M litres, with a decrease of -24.1% on 2021. Over the period under review, imports recorded a dramatic decline. The smallest decline of -7.3% was in 2021. Over the period under review, imports of reached the peak figure at 454M litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of wine; still, in containers holding 2 litres or lesses shrank markedly to $1.2B in 2022. In general, imports recorded a abrupt contraction. The smallest decline of -11.9% was in 2021. Imports peaked at $2.2B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 634 | 453 | 655 | 586 | -2.6% |
| Chile | 268 | 188 | 268 | 253 | -1.9% |
| Italy | 134 | 98.2 | 142 | 117 | -4.4% |
| Spain | 132 | 90.4 | 132 | 86.1 | -13.3% |
| Germany | 20.4 | 19.2 | 25.7 | 25.4 | 7.6% |
| Argentina | 24.1 | 16.1 | 28.5 | 19.9 | -6.2% |
| South Africa | 22.0 | 14.6 | 30.2 | 18.9 | -4.9% |
| Georgia | 19.1 | 13.8 | 13.7 | 15.1 | -7.5% |
| Australia | 812 | 672 | 45.8 | 1.3 | -88.3% |
| Others | 126 | 86.6 | 117 | 114 | -3.3% |
| Total | 2,192 | 1,653 | 1,457 | 1,238 | -17.3% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to China in 2022:
- France (74.4M litres)
- Chile (61.0M litres)
- Spain (30.3M litres)
- Italy (19.9M litres)
- South Africa (5.3M litres)
- Germany (4.6M litres)
- Georgia (4.3M litres)
- Argentina (3.9M litres)
- Australia (0.3M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in China
Exports of wine; still, in containers holding 2 litres or lesses from China reduced notably to 2.7M litres in 2022, shrinking by -15.9% compared with the previous year's figure. In general, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 142%. As a result, the exports attained the peak of 3.3M litres, and then declined significantly in the following year.
In value terms, exports of wine; still, in containers holding 2 litres or lesses contracted markedly to $38M in 2022. Over the period under review, exports showed a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 231%. As a result, the exports reached the peak of $80M, and then reduced dramatically in the following year.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 67.5 | 18.2 | 40.1 | 25.0 | -28.2% |
| Australia | 0.9 | 0.3 | 2.8 | 3.2 | 52.6% |
| Singapore | 0.2 | 0.6 | 32.5 | 3.1 | 149.3% |
| United States | 0.7 | 0.5 | 0.1 | 2.0 | 41.9% |
| France | 2.1 | 0.6 | 0.5 | 1.1 | -19.4% |
| Democratic People's Republic of Korea | 1.2 | 0.1 | N/A | 0.8 | -12.6% |
| Macao SAR | 0.7 | 0.5 | 0.8 | 0.8 | 4.6% |
| Brazil | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Malaysia | 1.3 | 0.2 | 0.1 | 0.2 | -46.4% |
| Germany | 0.5 | N/A | N/A | N/A | 0% |
| Myanmar | 0.3 | 0.6 | N/A | N/A | 100.0% |
| Netherlands | 0.5 | 0.1 | 0.3 | N/A | -22.5% |
| Others | 4.3 | 2.7 | 2.9 | 1.5 | -29.6% |
| Total | 80.2 | 24.3 | 80.3 | 38.1 | -22.0% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from China in 2022:
- Hong Kong SAR (1503.4K litres)
- United States (264.9K litres)
- Australia (234.8K litres)
- Democratic People's Republic of Korea (130.5K litres)
- Brazil (123.0K litres)
- Singapore (103.4K litres)
- Macao SAR (70.7K litres)
- Malaysia (58.2K litres)
- France (50.6K litres)
- Netherlands (10.3K litres)
- Myanmar (8.0K litres)
- Germany (1.4K litres)
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