The import of fortified wine or must to China has shown an upward trend from 2024 to 2028, with an increase in volume each year. Starting from 697.31 million kilograms in 2024, it is projected to reach 810.68 million kilograms in 2028. This steady growth reflects a positive annual compounded growth rate (CAGR) across these five years, indicating a robust expansion in market demand.
In 2023, the volume was at X million kilograms, from which we observe both year-on-year growth and a positive average trend over these years. Insights into trends between 2022 and 2023 indicate significant potential for scaling patronage among Chinese consumers.
Future trends to watch:
- Changes in consumer preferences towards premium wines.
- Potential trade policy adjustments impacting import dynamics.
- Economic factors influencing consumer purchasing power.
- Emerging markets within China contributing to higher consumption rates.
