Key Market Indicators
Chinese demand for sparkling wine is set to reach $111.6 million by 2026. This is a 3.1% year-on-year growth on average since 1997. In 2021, the country ranked 17th in the world, behind the United Arab Emirates with $91.6 million. The United Kingdom, Japan and Germany followed in second, third and fourth place respectively. Meanwhile, Chinese sparkling wine export is projected to reach $1.7 million by 2026. This is a 1.4% compound annual growth rate from 2021. Since 1997, the country has seen a 4.8% year-on-year increase in supply. In 2021, Greece held the 41st position, with $1.6 million. Italy, Spain and Singapore followed in second, third and fourth place respectively.
