China becomes 8th biggest wine market

on 11/10/10 at 10:19 pm

Wine

China has become the eighth largest wine consumer market in the world, Popular Daily reports.

China Food Association released the 2009-2010 Chinese wine industry market report on Oct. 10, saying that in 2009, Chinese production of liquor totaled nearly 7.1 million tons, beer output reached almost 42.4 million tons and wine production, 960,000 tons. Chinese wine production has maintained a compound growth rate of nearly 19 percent for seven years with huge future growth potential.

From 2006 to 2009, the surface area of Chinese vineyards increased by 6.1 percent, and grape production increased by close to 11 percent, according to the International Organization of Vine and Wine (OIV).

{Full story}

Enhanced by Zemanta