HKTDC Wine Show: Demand for wine in Asia remains strong

The Hong Kong Trade Development Council’s annual wine exhibition will be held from November 10 to 12. The exhibition organizer isHong Kong Trade Development Council, China, HKTDC, the exhibition hall is located atHong Kong Convention and Exhibition CentreThe three-day exhibition is expected to attract 20,000 professional traders and nearly 1,000 exhibitors.

In 2012, wine sales in mainland China reached $40.5 billion, with sales volume reaching 4.3 billion liters, up 125% and 55% respectively compared with five years ago. Therefore, fine wine manufacturers and suppliers are determined to enter the mainland China market. Hong Kong is the only place in the world that has reached a cooperation agreement with the mainland Chinese government. Under the Closer Economic Partnership Agreement, Hong Kong is allowed to export imported wine to mainland China and speeds up customs clearance procedures. mainland ports, making Hong Kong an important gateway to the mainland China alcoholic beverage market. As a duty-free port, Hong Kong has very convenient air transportation and has professional wine storage warehouses. Therefore, Hong Kong is considered by Asian investors as the most cost-effective and convenient wine trading and distribution center to store their investment grade wines. . and ship to the target market.

HKTDC Wine FairThe main contents presented to the public include:Alcoholic beverages, wine accessories and utensils, wine investment products, whisky, wine services, wine friends, beeretc…The 2012 exhibition brought together more than 950 exhibitors from 36 countries and regions, and more than 20,000 industry buyers came to visit. Exhibitors come from wine and wine regions of the old and new world, while buyers come from many mature and emerging markets.

Hong Kong has zero tariffs on wine, creating a favourable environment for alcohol business. Hong Kong’s blend of Chinese and Western cultures makes it an ideal location for Old and New World wine producers to connect with buyers from emerging Asian economies, particularly those from mainland China.The demand for wine and premium wines in the Asian market continues to be strong, especially in mainland China. The Hong Kong Trade Development Council Wine Fair provides the best platform for purchasing wine products and allows industry players to grasp global trends. wine industry and development.

Exposure recommendations:French Wine Fair