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Hong Kong SAR, China - Wine And Grape Must - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

Hong Kong SAR, China - Wine And Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Jan 21, 2025

Hong Kong's Import of Wine and Grape Must Falls Dramatically to $620M in 2024

Hong Kong Wine Imports

For the third consecutive year, Hong Kong recorded decline in overseas purchases of wine and grape must, which decreased by -27.7% to 23M litres in 2024. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 20% against the previous year. As a result, imports reached the peak of 64M litres. From 2016 to 2024, the growth of imports remained at a lower figure.

In value terms, wine and grape must imports reduced dramatically to $620M (IndexBox estimates) in 2024. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Over the period under review, imports reached the maximum at $1.6B in 2016; however, from 2017 to 2024, imports failed to regain momentum.Hong Kong Wine Imports By Country (Million USD)

COUNTRYImport Value of Wine in Hong Kong (million USD)
20142015201620172018201920202021202220232024
France343363390439499452453587368365238
United Kingdom21822321019622017814118816116091.7
Australia91.910390.910693.885.481.214413016389.4
Singapore43.345.155.053.452.442.552.712575.161.948.6
United States71.883.487.810610413687.081.582.060.040.2
Italy33.229.826.931.333.229.826.436.331.527.617.5
China13340953841835160.516.931.923.020.313.7
Others15913915618719214311317315011380.6
Total1,0931,3941,5561,5381,5441,1289711,3661,021971620

Imports by Country

Australia (6.6M litres), France (5.1M litres) and Italy (1.7M litres) were the main suppliers of wine and grape must imports to Hong Kong, together accounting for 59% of total imports. the United States, Singapore, China and the UK lagged somewhat behind, together accounting for a further 20%.

From 2014 to 2024, the biggest increases were recorded for Singapore (with a CAGR of +1.2%), while purchases for the other leaders experienced a decline.

In value terms, France ($238M) constituted the largest supplier of wine and grape must to Hong Kong, comprising 38% of total imports. The second position in the ranking was taken by the UK ($92M), with a 15% share of total imports. It was followed by Australia, with a 14% share.

From 2014 to 2024, the average annual rate of growth in terms of value from France totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.3% per year) and Australia (-0.3% per year).

Imports by Type

In 2024, wine of fresh grapes (except sparkling wine) (21M litres) was the main type of wine and grape must supplied to Hong Kong, accounting for a 91% share of total imports. Moreover, wine of fresh grapes (except sparkling wine) exceeded the figures recorded for the second-largest type, sparkling wine (1.8M litres), more than tenfold.

From 2014 to 2024, the average annual rate of growth in terms of the volume of wine of fresh grapes (except sparkling wine) imports totaled -8.5%. With regard to the other supplied products, the following average annual rates of growth were recorded: sparkling wine (-2.5% per year) and grape must (-16.1% per year).

In value terms, wine of fresh grapes (except sparkling wine) ($565M) constituted the largest type of wine and grape must supplied to Hong Kong, comprising 91% of total imports. The second position in the ranking was taken by sparkling wine ($53M), with an 8.6% share of total imports.

Import Prices by Country

In 2024, the wine price amounted to $27 per litre (CIF, Hong Kong), with a decrease of -11.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $33 per litre. From 2022 to 2024, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($124 per litre), while the price for Chile ($4.7 per litre) was amongst the lowest.

From 2014 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wine market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 564 - Wine
  • FCL 563 - Must of Grape

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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