China’s wine market branches out
Saturday, October 24th, 2009(Reuters Video) – From pampered grapes to budget bottles, wineries tempt untapped customers in China’s growing wine market.
Archive for the ‘Industry News’ CategoryHong Kong International Wine and Spirits Fair 2009Saturday, October 24th, 2009The Hong Kong International Wine and Spirits Fair takes place on November 4-6, 2009. Click here for more info.
Asia’s wine hubs; Singapore strikes backFriday, October 23rd, 2009(Newswire: businesstimes.com.sg) Niches, fairs to drink to
When Hong Kong slashed its alcohol taxes to zero last year, it put a dent in Singapore’s attempts to grow as a wine business hub of Asia. Without the huge mainland Chinese market in its backyard, wine businesses have also found it a challenge to grow the local industry, even as Singaporean palates become more sophisticated and the demand for more variety increases. ![Singapore-Merlion [img: Globowines, Sept 2008]](http://mirglobalmarketing.com/globowinesblog/wp-content/uploads/2009/10/merlion02.JPG "Singapore-Merlion") Singapore-Merlion (Globowines) Wine conferences and fairs This is turning out to be an area of growth as organisers see greater interest from consumers in learning more about wine while distributors, retailers and restaurateurs reap benefits from visibility, networking and co-operation. This week, for example, sees the International Congress of Chinese Cuisine & Wine (ICCCW) and Wine For Asia (WFA), running back-to-back, while the Singapore Wine Fiesta starts at the end of the month. The ICCCW conference was founded last year by local publisher and columnist Ch’ng Poh Tiong, and it’s a feather in Singapore’s hat that after its first year in Beijing, he brought it here instead of tax-free Hong Kong, although it will be touring there next year. ‘The choice of venue is not dictated by local tax regimes vis-a-vis wine,’ explains Ch’ng. ‘Our goal is to spread the concept, and culture, of wine with Chinese cuisine wherever Chinese cuisine is highly appreciated.’ … Click here to access complete article from Businesstimes.com.sg [Source] – Businesstimes.com.sg Written by Christopher Lim and additional reporting by Melissa Lwee
Remy Martin cashing in on China’s growing luxury marketFriday, October 23rd, 2009(Newswire : Channel NewsAsia) Guilin, GUANXI PROVINCE: French cognac maker, Remy Martin, is cashing in on China’s growing luxury market. It recently unveiled a rare cask of its “Louis the 13th” cognac in the Chinese city of Guilin. Remy Martin chose Guilin to debut its limited edition vintage Louis the 13 Rare Cask. Patrick Piana, CEO, Remy Martin, said: “The launch of Louis XIII rare cask is very important to the brand Louis XIII and the fact that it’s in China is a very important symbol of the future of Louis XIII overall.” … Chinese drinkers are more accustomed to baijou or rice wine and whiskey and Remy Martin said it is not in the business of converting them. Mr Piana added: “We’re not in a volume game so as to converting whisky drinkers, tequila drinkers, or vodka drinkers in other markets. It’s about making sure we cherish and nourish our brand to convert existing consumers to our brands.” And it seems the group is going in the right direction. [Source] – Channel NewsAsia’s China Correspondent Glenda Chong
China Food and Beverage Industry Report 2009Thursday, October 22nd, 2009Research and Markets: Revealing the Impact the Global Financial Crisis Has Had on China’s Food and Beverage IndustryIn the fist half of 2009, China above-scale food industry accumulatively achieved RMB2.299 trillion of total output value, up 14.76% compared to the same period of last year, of which, the agricultural non-staple food processing industry’s rose 15% to RMB1260.646 billion, the food processing industry’s increased 14.55% to RMB407.909 billion, and the beverage manufacturing industry’s rose 18.92% to RMB348.186 billion. Impacted by the global financial crisis, the food and beverage industry’s operating revenue changed from rapid growth momentum to downturn in H2 2008. During Jan-Feb 2009, the revenue of the overall food and beverage industry increased only 14% year on year, 23 points lower than that of Jan-Feb 2008, recording new low in recent years. The growth rate in Jan-May 2009 rebounded a little to 15%. In the past several years, the operating revenue of the food processing industry, one sub-industry of the whole food and beverage industry, has grown faster than that of the other two sub-industries, food manufacturing and beverage manufacturing. Due to the price decline of meat products (mainly pork), the food manufacturing industry rebounded slowly during the financial crisis, while the beverage manufacturing industry showed certain decline-resistance ability, whose operating revenue rebounded steadily during Jan-May 2009, up 16% year on year, 1 point higher than the figure in Jan-Feb 2009 and higher than the average level of the whole food and beverage industry. Taking Kweichow Moutai Co., Ltd for example, its liquor output in H1 2009 was 23,833 tons, up 35.9% year on year; its sales revenue went up 20% to RMB5.5 billion and net profits rose 25% to RMB2.8 billion. In H1 2009, the high-alcohol Moutai liquor products took 84.27% of the company’s operating revenue, while the low-alcohol liquor products accounted for 9.63%. Based on the authoritative statistics from the National Bureau of Statistics of China, the China National Food Industry Association, China Alcoholic Drinks Industry Association, Dairy Association of China, etc, this report makes an in-depth analysis of the status quo of China’s food and beverage industry and its influencing factors, giving priority to the analysis and research of its eight sub-industries on market scale, industry concentration, regional distribution, economic benefits, production & sales as well as growth space. Besides, It also predicts the future development trends of the industry.
Key Topics Covered: 1 Food and Beverage Classification and Research Scope Companies mentioned in the report include:- Kweichow Moutai Co., Ltd (600519) Click here to purchase the report WSJ Newswire – In Hong Kong, Stirrings of a Serious Wine SceneSunday, October 18th, 2009 Img: Business Week For all the toothsome crabs and delicate siu mai that make Hong Kong one of the world’s best places to eat, until recently wine was largely enjoyed more as a marker of status than as a complement to a meal. Wine programs and shops in the city’s main district catered to local tycoons and expatriates with a taste for Bordeaux and expense accounts to match. But venues for wine—shops, tasting bars and even a winery—now flourish in the city, thanks to a happy convergence of factors that includes reduced taxes and a government mandate declaring 2009 “Food & Wine Year”. Auction houses are clamoring to sell fine Bordeaux, Burgundies and Barolos and ever more restaurants are hosting dinners with wine makers flown in for the occasion. Tasting events, trade shows and oenology courses abound. A recent Sotheby’s auction of two American-owned wine collections raised $7.9 million, almost 30% more than estimated. Still, many of the best and most interesting sites are tucked away, often a short taxi ride out of central Hong Kong. Click here to access the complete article from the WSJ [Source] – The Wall Street Journal, by Jake Lee Reminder – Singapore’s Wine For Asia 2009 is approachingSunday, October 18th, 2009Globowines first mentioned Wine for Asia 2009 back in April (see post) earlier this year. Fast forward 6 months and the time for the big show is upon us. Just a reminder to all those readers out there in Singapore — Wine For Asia begins October 22 and runs until October 24. Wine For Asia (WFA) 2009, the most comprehensive international wine exhibition in the region, returns to Singapore from 22 – 24 October 2009 with the promise of another bumper event. An exciting exposition that help you expand your footprint into Asia’s burgeoning wine market, WFA 2009 offers a one-stop opportunity to keep abreast of the latest wine offerings, complete with a myriad of first-class business, educational and networking opportunities and lifestyle pursuits. Exhibitors and visitors can look forward to three days of non-stop business, networking and learning opportunities. Click here to visit the Wine for Asia home page for more information. |
