• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Food and Drink

Chinese wine market to overtake UK by 2020

China’s thriving wine market will be worth more than the UK by 2020, VINEXPO has forecast. The UK will be pushed into third place among the world’s biggest wine markets when sales of still and sparkling wine reach $21 billion in China compared to $16 billion in the UK. The data reveals changes in the […]

Jack Peat by Jack Peat
2017-03-01 14:19
in Food and Drink, Wine
The London Economic

The London Economic

FacebookTwitterLinkedinEmailWhatsapp

China’s thriving wine market will be worth more than the UK by 2020, VINEXPO has forecast.

The UK will be pushed into third place among the world’s biggest wine markets when sales of still and sparkling wine reach $21 billion in China compared to $16 billion in the UK.

The data reveals changes in the behaviour of drinkers of still wines over the next five years as UK imports fall from 120.9 million 9-litre cases in 2015 to 117.4 million cases by 2020.

The value of wine sales will decline to $15.5 from $15.8 (its highest point in 2015) over the same period.

The trends show consumers choosing premium and standard still wines (drinking less but better) in the run up to 2020 while sales of value/low price wines below £5 a bottle will show a fall of nearly four per cent compared with 2015.

Lower alcohol wines are a likely area of growth driven by health consciousness, lower price points (between £1.50 and £2 less for a 75cl bottle) and the lowering of the drink-driving limit in Scotland has had a particularly strong effect for on-trade sales. A drink-driving limit in England and Wales would produce similar effects, says the report.

In sharp contrast, sparkling wines, especially Prosecco, will show strong growth. The UK is expected to be the leading global growth market for Prosecco showing a rise of 10.8 per cent between 2016-2020 to reach consumption of 8.2 million 9-litre cases.

The forecasts also cover the period of Brexit negotiation, reading: “In such a price sensitive market still wines can expect to be dramatically impacted by the result of the EU referendum as the effects of increased consumer caution, economic uncertainty and price increases are felt.”

The report adds that New World wines are expected to make substantial gains in sales of wine priced at £8 and more a bottle. “New Zealand and Argentinian wines in particular are set to perform well on the back of the shifting focus to quality over quantity.”

RelatedPosts

Mayfair Chippy and Homeslice join forces to produce limited edition fish & chips pizza

Chef and Master Sommelier pair for exclusive events series

M Restaurants put regenerative farming on the map with carbon-neutral beef

Revealed: Top 50 Gastropubs in Britain for 2023

Mr Guillaume Deglise, CEO of VINEXPO, said, “As the world’s biggest international wine and spirit exhibition, discussion by visitors, buyers and suppliers from 135 countries about the impact and opportunities occasioned by Brexit are poised to be a major topic this summer.”

Content Protection by DMCA.com

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Thunderball Results for Tuesday 24 May 2022 Tonight’s winning numbers

IDS rinsed after urging young Brits to ‘buccaneer, trade and dominate the world’

Unite secures 28% pay rise for hundreds of Luton airport workers

Swiss wine set to make inroads into UK market

Placebo Announce 20th Anniversary World Tour

In pics – Women on the streets of Birmingham wearing an array of muslim headwear

Boris Johnson planning on remaining in power until ‘mid 2030s’

Priti Patel quits as Home Secretary as Truss elected new Tory leader

Supreme Court rules PM Boris Johnson went beyond his powers with prorogation move

What happens when the show can’t go on?

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.