- Vino Joy News
- Posts
- Breaking: Punitive Tariffs on EU Brandy to be Announced in August
Breaking: Punitive Tariffs on EU Brandy to be Announced in August
Premier Li’s Penfolds Visit/ How Many Chinese Wine Importers Topped RMB 500 Million in Sales in 2023?
Natalie Wang
June 18, 2024
Hi, this is Natalie from Vino Joy News.
It's been a significant week for the Australian wine industry. Chinese Premier Li Qiang visited the country, marking the first visit by a Chinese premier in seven years, with one of his stops at the iconic Penfolds winery. This event has sparked considerable excitement among traders on both sides, anticipating the potential for unimpeded wine trade. However, there remains a degree of uncertainty, particularly concerning the impact of inexpensive Australian wines flooding the Chinese market.
Seperatedly, for the first time, Chinese state media has provided a timeline for the announcement of provisional punitive tariffs on European brandy. France, which represents over 99% of the EU's brandy exports to China, is likely to be the most affected.
Also be sure to check out our story that visualized China’s wine consumption since 2018 against other major wine markets. Despite the downturn, we highligthed a selected a group of wine importers who delivered stellar sales, with one even topping RMB 800 million last year.
Here are all the top headline stories happening in China’s wine market that you don’t want to miss.
Revealed: How Many Chinese Wine Importers Topped RMB 500 Million in Sales in 2023?
The task of selling wine in a market that's retreating from wine is daunting to say the least. This reduction seen in China after 2018 was unparalleled among the world’s top ten wine markets, with no other nation experiencing such significant contractions, as our visualisations showed. Among the top 50 wine importers, we have identified a select group of companies that have recorded stellar sales during challenging times.
Premier Li’s Penfolds Visit May Revive AU$1 Billion China-Australia Wine Trade
 | Chinese Premier Li Qiang made a historical visit to Australia’s popular winery Penfolds, raising hope that Australian wine exports to China could soon bounce back to AU$1 billion before relations soured. |
Australian Wines Reenter China: Enthusiasm Meets Market Caution
 | While Australia's return has sparked enthusiasm, buyers are treading cautiously amid economic uncertainties and the looming impact of cheap Australian wines—up to 100 containers—previously stored in bonded areas now flooding the market. |
Breaking: Punitive Tariffs on EU Brandy to be Announced in August
China is expected to announce provisionary punitive tariffs on European brandy as early as August, marking the first time state media has provided a timeline for the decision, after launching an anti-dumping probe into EU-produced brandy five months ago.
Chadwick: 20 Years On, We Have Nothing More to Prove
 | On May 27, a day before the official opening of Vinexpo Asia, Chile’s iconic winery Viñedos Familia Chadwick held a masterclass in Hong Kong to commemorate the 20th anniversary of The Berlin Tasting. Reflecting on two decades since that pivotal event, Eduardo Chadwick, the visionary behind The Berlin Tasting, sat with Vino Joy to discuss the evolution and current reputation of Chilean high-end wines on the global stage. |
Riesling Craze Fuels German Wine Export Boom in China
 | The German Wine Institute (DWI) announced at an export forum held in Oppenheim that Germany’s wine exports increased by 9% in both volume and value in the first three months of the year compared to the same period last year. |
Canned Wine Sales Sparkle in Japan Amidst Overall Market Slump
 | As Japan’s overall wine market faces a downturn, small-format, canned wine is experiencing a surge in popularity, industry data shows. Sparkling wine in cans, in particular, has found a robust market among consumers who have taken to at-home drinking—a trend accelerated by the pandemic. |
Chinese Wine Swindler Wanted for Multi-Million Scam Caught in Bangkok
 | A Chinese wine fraudster, wanted for a major scam RMB 2 million (US$275,000), was captured in Bangkok, Thailand. The suspect, a 42-year-old man identified only as Ming, was arrested for overstaying his visa and working illegally after fleeing from China to escape charges. |
Other Top Stories
Stay updated with the latest in China’s wine world with our comprehensive coverage at Vino Joy New