Vinexpo Hong Kong (HKV) held in late May (where Australia was the “Country of the Year” in 2018) brought out some very interesting facts. Starting with the estimate that China will continue to drive the world’s wine sales growth as it increases its consumption to around USD23 billion by 2023. To put that into context, Australia (at No.2 imported wine country) sold them AUD2 billion worth of wine in 2017. It is estimated that China will become the second largest (by value) wine market in the world by then, second only to the USA. Read More...
Friday, July 06, 2018