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China imported wine market the size of imports to Norway.
www.harpers.co.uk by Stacier Wei 2010-7-24 9:26:53   

As Wine Intelligence's China: The Great Red Hope revealed, also announced at the London Wine Fair in May this year, around 92% of current grape-based wine drinkers consume domestic products.

Despite China's total population hitting 1.33 billion, only 23 million adults aged 18-50 can afford to buy imported wines and only 14.3million currently buy it . "The imported wine market is only the size of imports to Norway. It is not a 1billion market", Jean Philip Perrouty, Wine Intelligence research director said.

He said the potential in 10-15 years will depend on the growth of middle and upper class urbanites in four key cities - Beijing, Wuhan, Shanghai and Guangzhou, more mordern with the latter two.

Beijing and Wuhan are more traditional in their needs. Then Food and wine matching will be key to success along with relevant brand labelling.

Jenny Li, Wine Intelligence China researcher added: "Domestic wines do well because the labels are easy to understand and use the colour red, believed to be a good luck colour."

Barriers to success for imported wines into China include the price of wine. There are also currently too many wines that are the "same" making it hard for consumers to differentiate. Labels are also in a foreign language which some Chinese do not understand, the researchers said.

However, a wish for young Chinese to aspire to western culture and the prestige of imports compared to domestic, especially in business or for a romantic night will help drive future growth.
 

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