DON'T MISS AN ANALYSIS - CLICK HERE TO FOLLOW OUR LINKEDIN PAGE
macau casinos by night

Macau, Wine Imports transshipped via Hong Kong

CONTENTS
1. Retail & Tourism
2. Retail Sales
KEY POINTS
Our Score
26

Formerly a Chinese territory under Portuguese administration, Macau became a Special Administrative Region (SAR) of the People’s Republic of China on December 20, 1999. Macau’s economy is highly dependent on its tourism and gaming industries.

RATE THE MACAU WINE MARKET ATTRACTIVENESS

Colonized by the Portuguese in the 16th century, Macau was the first European settlement in the Far East. Pursuant to an agreement signed by China and Portugal on 13 April 1987, Macau became the Macau Special Administrative Region of the People’s Republic of China on 20 December 1999. In this agreement, China promised that, under its “one country, two systems” formula, China’s political and economic system would not be imposed on Macau, and that Macau would enjoy a “high degree of autonomy” in all matters except foreign affairs and defense for the subsequent 50 years.

Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory into one of the world’s largest gaming centers. Macau’s gaming and tourism businesses were fueled by China’s decision to relax travel restrictions on Chinese citizens wishing to visit Macau. In 2016, Macau’s gaming-related taxes accounted for more than 76% of total government revenue.

Macau economy indicators

In 2015, this city of 646,800 hosted nearly 30.7 million visitors. Almost 67% came from mainland China. Macau’s traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. Services export — primarily gaming — increasingly has driven Macau’s economic performance. Mainland China’s anti-corruption campaign brought Macau’s gambling boom to a halt in 2014, with spending in casinos contracting 34.3% in 2015.
Macau continues to face the challenges of managing its growing casino industry, risks from money-laundering activities, and the need to diversify the economy away from heavy dependence on gaming revenues.

Food and Beverage Retail Sales

In 2019, retail sales in Macau reached US $9.56 billion, among them US $613 million, or 6.3%, were goods in supermarkets. That represented a 7.3% growth compared with 2018. They are the modern grocery outlets that provide consumers with convenient and high-quality options.

In addition to groceries, these stores are offering a more comprehensive shopping experience with increased items of fresh food, bread and pastry, organic options, and hot takeout meals.

Macau wine consumption, by volume

World-wide travel restrictions due to the coronavirus outbreak are slowing Macau’s economic growth and food demand. For the first quarter of 2020, Macau’s gaming revenue dropped by 60% year-on-year. For the first two months of 2020, Macau’s imports of consumer-oriented agricultural products reached $188.45 million, representing growth of 4% year-on-year.

We have analyzed red wines listed in liquor stores:

1. Australia – no GI region: MOP 200
2. South Australia: MOP 373
3. Bordeaux: MOP 880
4. Burgundy: MOP 588
5. Chile – no GI region: MOP 185

6. Central Valley: MOP 132
7. Rhône: MOP 360
8. Alentejo: MOP 245
9. Vinho Regional: MOP 213
10. Languedoc: MOP 213

11. Piedmont: MOP 610
12. Tuscany: MOP 332
13. Beiras: MOP 158
14. Western Australia: MOP 190
15. Victoria: MOP 269
Macau wine consumption, by value

Leading Origins

Major countries of origin (by volume, 2019) includes Portugal (37%), France (23%), Australia (15%), the United States (9%), and Spain (5%).

Major countries of origin (by value, 2019) includes France (64%), Australia (11%), Portugal (11%), the United States (6%), and Chile (3%).

Due to land constraints, Macau produces a minimal amount of its food requirements, depending on global sources to meet most of its needs. The vast majority of Macau’s imports were transshipped via Hong Kong as Macau lacks a deep-water port. Exporters rarely sell directly to Macau food retailers.

macau casinos by night
Macau, Wine Imports transshipped via Hong Kong
Our evaluation method
The data shows key metrics, and these are combined to show a ranking calculated using a composite weighted attractiveness combining overall economic factors and wine market factors.
WINE CONSUMPTION IN VOLUME
0
WINE CONSUMPTION IN VALUE
17
IMPORTED WINE IN VOLUME
12
IMPORTED WINE IN VALUE
36
POPULATION
0
GDP PER CAPITA
96
Reader Rating0 Votes
0
26
Wine Market Attractiveness