In 2023, the import of vermouth and other flavoured grape wines in packs greater than 2L to China stood at a lower volume compared to the forecasted data from 2024 onwards. From 2024 to 2028, the forecast indicates a steady growth in imports: at 3.11 thousand kilograms in 2024 to 3.65 thousand kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately 4.0% over the five-year period. The continuous growth trajectory shows an increased demand for large pack flavoured grape wines in China.
Future trends to watch for include:
- Expansion of consumer base leading to increased demand in metropolitan and emerging urban areas.
- Potential changes in import policy or tariffs impacting volume.
- Emergence of new foreign suppliers and brands entering the Chinese market.
- Shifts in consumer preferences towards more diverse and international wine selections.