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Asia’s Top 10 Wine Importers by Revenue Ranked
How China’s First Bordeaux Purchase Went Sour?/ Hong Kong International Wine and Spirits Fair Kicks Off
Natalie Wang
November 05, 2024
Who’s Dominating Asia’s Wine Market? For the first time, we reveal the top 10 wine importers in Asia ranked by sales revenue. While some names are expected, a few surprises might just shake up your perspective on the region’s biggest players. See the full ranking and discover who truly drives Asia's wine imports.
Western Australia’s Underdog Wine Regions Chinese wine buyers recently returned from a visit to Western Australia, exploring the Margaret River and the hidden gem of Great Southern. Could this lesser-known region be the next sensation for Chinese wine imports?
Hong Kong’s Wine and Spirits Fair Returns with a Twist With the spirits tariff cut from 100% to 10% on bottles priced over HKD 200, this year’s Hong Kong International Wine and Spirits Fair promises an exciting lineup of top spirits. Here’s what to expect at the fair, running from November 7 to 9.
Plus, this week, we bring you interviews with industry heavyweights like the CEOs of Louis Latour and AR Lenoble, along with Co-founder of New Zealand’s Misha Vineyards.
Trouble at Chateau Latour Laguens Once a pioneering Chinese-owned chateau in Bordeaux, Chateau Latour Laguens now finds itself on the auction block at a shockingly low price. Our investigation digs into the fate of this storied estate.
And don’t miss the latest on Googut Spirits’ livestream disruption by employees airing grievances, plus a report on the alarming financials at China’s largest winery.
Stay on top of Asia’s fast-moving wine industry with our exclusive stories, and don’t forget to subscribe for premium insights and content.
Asia’s Top 10 Wine Importers by Revenue Ranked
For the first time, we have ranked Asia’s top 10 wine importers based on sales revenue. Japan dominated the list with four entries, followed by China, South Korea and Thailand, with each claiming two spots. Find out the full list here. Full company profile and complete ranking and profiles of all the companies can be found in our Asia’s Top 50 Wine Importers’ Report.
With Spirits Tax Cut, Hong Kong Wine & Spirits Fair Sees Record Boost in Global Participation
 | Following Hong Kong’s recent spirits tax cut, the Hong Kong International Wine & Spirits Fair is capitalizing on renewed industry interest by drawing in a record number of spirits exhibitors. |
12 Bars in Asia Named Among The World’s 50 Best 2024
 | Twelve bars across Asia made the cut in The World’s 50 Best Bars 2024, spotlighting top spots in Hong Kong, Singapore, Bangkok, Seoul, Tokyo, and Dubai. Leading the pack, Singapore emerged as the favorite, with four bars earning spots on the prestigious list. |
Beyond the Fruit Bomb: Is Western Australia’s New Wine Frontier the Next Big Hit for Chinese Buyers?
 | With tariffs lifted and interest renewed, could these lesser-known Australian wines from Great Southrn wine region soon be the next big hit in China’s premium wine market? |
China’s Wine Imports Recovers in September
 | In September, wine imports in China experienced a modest recovery after a significant plunge in Australian imports in August. As Australia stabilizes, Spain, sparkling wine and bulk wine are making inroads, as shown by China’s latest customs data. |
How China’s First Bordeaux Purchase Went Sour?
How did Chateau Latour Laguens once hailed as a symbol of China’s bold wine ambitions end up as a bargain on the auction block? Our full story here.
Unprecedented Challenge: Changyu Reports First Net Loss Since 2000
 | China’s largest wine producer, Yantai Changyu Pioneer Wine Company Limited has reported a net loss of RMB 2.88 million (US$ 403,864) in its Q3 result, marking the first loss since going public in 2000. |
Louis Latour CEO: 2024 Production May Drop to 30% of Last Year
 | Despite 2024's vintage potentially yielding only a third of regular production for Louis Latour, there will still be solid whites and a few pleasant surprises among the reds, says its CEO. |
Champagne AR Lenoble’s New Era: Interview with CEO Guillaume Truchot
With fresh leadership under CEO Guillaume Truchot and new talent in the cellar, discover how this boutique Champagne house is navigating change while honoring its roots.
Betting on White Wine, Misha’s Vineyard Returns to Hong Kong
 | Riding on the growth wave of white wine, Misha’s Vineyard from New Zealand has made a strategic return to Hong Kong this October. |
Star-Studded Lineup for Upcoming Hospices de Beaune Wine Auction
 | Renowned celebrities, including Dominic West, Eva Longoria, Jean Reno, and Zabou Breitman, will lend their support to this year’s Hospices de Beaune Wine Sale on November 17, the auction house Sotheby has announced. |
Googut Spirits’ Reputation Sinks Amid Employee Protests and Liquidity Strains
 | Last week, a live stream hosted by Googut Spirts was taken over by angry former employees demanding overdue wages, blowing its cashflow issue wide in the open. |
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