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Shanghai - towards the end of a smokescreen?

by MiBD wine analytics December 05, 2019

Among the signs that should suggest to wine merchants that seismic risks are to come.

According to the China Chamber of Commerce, nearly 2,000 wine importers have just stopped their activity during the first five months of the year. At the beginning of 2019, there were 6,411 importers of wine (in bottles) compared to 4,175 today. This means that 2,236 importers are disappearing, i.e. nearly 35%!

A lack of interest that Chinese statistics showed as early as 2018. And in 2019, the trend seems to be continuing. The China Association of Imports and Exports of Wine & Spirits has just published the import figures for June 2019: - 19.45% in value and -14.09% in volume for all wine imports into China, all countries combined. And the insurrectional situation in Hong Kong may not improve things*.

 

Shanghai: leading red wine appellations at RMB 2000 and over, by presence

1. Pauillac
2. Napa Valley
3. Margaux
4. Toscana
5. Saint-Julien

6. Barbaresco
7. Ribera del Duero
8. Pessac-Leognan
9. Barolo
10. Brunello di Montalcino

11. Pomerol
12. Saint-Estephe
13. Bolgheri
14. Clos Vougeot
15. South Australia

16. Barossa Valley
17. Maipo Valley
18. Amarone della Valpolicella
19. Cote Rotie
20. Saint-Emilion Grand Cru

 
Shanghai: leading red wine brands at RMB 2000 and over, by presence

1. Chateau Lafite Rothschild
2. Chateau Latour
3. Chateau Mouton Rothschild
4. Gaja
5. Chateau Margaux

6. Antinori
7. Opus One
8. Tenuta San Guido
9. Vega Sicilia
10. Chateau Haut-Brion

11. Chateau Lynch-Bages
12. Chateau Palmer
13. Chateau Cos d'Estournel
14. Ornellaia
15. Chateau Leoville Las Cases

16. Penfolds
17. Almaviva
18. Chateau Angelus
19. Chateau Beychevelle
20. Chateau Pichon Longueville Comtesse Lalande


Source: MiBD Market. Store-check 180 restaurants / 18,784 wines in 2019. Top listed wines 75cl at CNY 2000 and over, by presence

*Anthocyanes