Chinese Wine Imports ‘Crash’ Due To Economic Slowdown, US Trade War
Wine imports to China saw a ’sharp decline’ towards the end of 2018, after steady growth for ten years, new data from the IWSR Drinks Market Analysis has shown.
Following poor mid-autumn festival sales, the final quarter of the year saw a crash in wine imports across the country's 4,000 importers.
While value sales were relatively stable, Chinese Customs and the China Association of Imports and Export of Wine & Spirits (CAWS) reported volume losses of -8% to -9%.
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