Saturday, February 1, 2014

China is now the World's Biggest Red Wine Consumer

                                           Mirko Iannace | age fotostock| Getty Images

China has topped France and Italy to become the world's biggest consumer of red wine, according to a study by International Wine & Spirit Research commissioned by Vinexpo.  China consumed 155 million nine-liter cases of red wine in 2013. France consumed 150 million cases and Italy consumed 141 million cases.

Chinese consumers downed 1.865 billion bottles of red wine last year, contributing to a 136 percent rise in consumption over the past five years, the survey released on Tuesday showed.

The U.S. remained the world's biggest consumer of all types of wines.

The latest data on red wine consumption shows that China has pushed traditional wine-drinking countries France and Italy into second and third place respectively

China consumed 155 million nine-liter cases of red wine in 2013. France consumed 150 million cases and Italy consumed 141 million cases.

Consumption of wine and spirits in China, the world's second biggest economy, has risen sharply in recent years alongside an increasingly affluent consumer society.

And analysts say red, viewed as a lucky color in China, helps explain a preference for red over white wine.

In fact, China's growing thirst is contributing to the risk of a global wine shortage, Morgan Stanley said late last year.

The data from VINEXPO was released ahead of an Asia-Pacific exhibition that will be held in May in Hong Kong.

Dhara Ranasinghe | CNBC

 

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