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Hard alcohol has become the largest category of imported alcoholic beverages in China.
From January to May 2021, the volume of imported spirits grew significantly, overtaking wine, according to a report released by the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce & Animal By-Products (CFNA). Hard alcohol accounted for 117% compared to the same period last year and became the largest category of imported alcoholic beverages.
Brandy has the largest share of imported spirits in China. According to published data, brandy imports totaled US $ 500 million and exceeded 17 million liters, an increase of 149% and 74% year on year, respectively. The cognac category alone accounted for more than 60% of all imports of alcoholic beverages.
The second largest imported beverage is whiskey. From January to May of this year, China purchased 10 million liters, at a cost of US $ 150 million.
Thanks to brandy, France is the main source of imported spirits, accounting for 64% of the top ten sources of imports. Together with the UK, both countries supply 80% of China’s imported spirits.
The volume of wine imports from January to May this year amounted to 170 million liters, which is 1% less than last year. However, the value of imports amounted to almost US $ 700 million, an increase of 0.2% over the same period last year.
Prepared by N. Zakharchuk based on thedrinksbusiness.com