This site uses technical and analytics cookies.
By continuing to browse, you agree to the use of cookies.

Diplomazia Economica Italiana – 18 November: Latest World News, compiled in collaboration with Il Sole 24 ORE-Radiocor

Hong Kong: Italian wine exports down slightly

Italian wine exports to Hong Kong, valued at 21.4 million USD, were down slightly (-4.2%) in the January-August 2013 period, while they maintained a market share of 3%. According to many exporters the drop was due to physiological factors, given the extremely rapid growth of our exports over the past 4 years. Also down were the figures of the so-called “new producers” – New Zealand, U.S. and Chile) – down respectively by 57%, 24% and 25.5%. Noteworthy is the fact that, following the enactment of deregulation measures in 2008, Hong Kong imports nearly quadrupled in only 3 years, going from 366.5 million USD to 1.25 billion in 2011, to drop by almost 18% in 2012 and a further 1.9% in the January-August 2013 period. Despite this general slow-down, owing mainly to reduced red wines sales, Hong Kong confirms its role as wine trade and distribution hub for the entire Asian-Pacific region – particularly toward China – in addition to maintaining its position as point of reference for the world of rare wine auctions. The International Wine & Spirits Fair was held in Hong Kong in November, organised by the Hong Kong Trade and Development Council (HKTDC), which registered the presence of over 1,000 vendors (up 5% compared with the previous edition) from 40 countries, and 20,452 visitors (mainly sector professionals) from 80 countries. This year too, Italy was the country most represented, with 161 vendors and over 180 firms, followed by France (150 vendors); Spain, HKTDC country partner for this edition of the Fair, was present with only 88 vendors. Italian exports in 2012 totaled 33.3 million USD, placing Italy 5th among supplier countries, after France, the U.K., Australia and the United States.


Read more, in Italian

You might also be interested in..