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China Grape Wine Industry Report, 2005-2006 (Chinese Version)
Research In China, Sep 2006, Pages: 196
In 2005, Chinas total grape wine output reached 434.3 million liters, up by 25.4% over the year 2004, profits amounted to RMB 1.256 billion, up by 58.8%, and that of taxes paid reached RMB 1.207 billion, up by 30.2%. On the other hand, the sharp increase of grape wine imports caused big pressure on the domestic grape wine industry, however, as the gap between domestic manufacturers and foreign manufacturers with regard to competitiveness has shrunk, the domestic grape wine industry survives and develops quickly.
Currently, the main profits of Chinas grape wine manufacturers come from high-end grape wines, and medium grape wines contribute most of the sales. The profit margin of medium and low-end varieties remains around 11% for a long time, while that of the high-end varieties has reached 30%-50%. Consequently, many grape wine manufacturers enter into the high-end market successively. It is forecast that the competition in the high-end market will be more intense in the future. At present, Chinas beverage industry is flourishing, in addition, from the perspective of grape wine production and sales, the dietary habits of Chinese people has been changing. Therefore, Chinas grape wine industry will be likely to maintain a good development trend in the coming years.
The Ministry of Commerce forecast, domestic grape wine output will increase with a YoY growth rate of 15% before 2010, and the figure will reach about 800,000 tons by 2010. Grape wine imports will also increase constantly, with prices falling sharply until equal to the price of home-made grape wines. Currently, China’s grape wine market has been monopolized by Great Wall, Changyu and Dynasty by and large. The market share of the three giants are as high as 52%, the asset shares reached 38% of the industry, and the sales revenue even amount to 56% of the total. Each of them has their own advantageous market. In the important grape wine consumption market of South China, their market share exceeded 50% in total.
Data for this report came from authoritative institutions including the National Bureau of Statistics of China, State Economic and Trade Commission, General Administration of Customs, State Information Center, State Bureau of Light Industry, China Wine Association, China National Food Industry Association and China Alcoholic Drinks Industry Association etc.
This report analyzes the status quo of Chinas grape wine industry including supply & demand, market, import & export and grape wine consumption changes, and the future development trends in full details. It also includes an in-depth study of investment opportunities and existing problems, and presents some strategic solutions. It is helpful for grape wine manufacturers and investors to better understand the updates and the opportunities & risks of Chinas grape wine industry.
Please note this report is currently only available in Chinese. However, if you wish to obtain an English version, a translation service is available which will take 3-5 working days. For further information, please click 'Enquire before Buying'.
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