By region, the consumption in China wine market varies a lot in terms of development. For now, China’s southeast coastal regions, including Shanghai, Guangdong, Fujian and Zhejiang where are economically developed, have achieved provincial-level market scale valuing RMB1-3 billion, city-level market scale valuing RMB100 million, and county-level market scale valuing RMB10 million. However, in the north and the vast central and western regions, the wine consumption is still at a stage of market incubation, with the exception of such cities as Beijing and Chengdu.
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China wine industry is to enter into a stage for structural adjustment after 2013 (for instance, de-stocking targeting wine dealers, wine producers’ orientation to low-and medium-end market), in order to pop the market bubble for a comeback to the right track. It is estimated that the CAGR of wine consumption in China between 2013 and 2016 will post 9.7%.
Complete report spread across [80] pages available @ http://www.chinamarketresearchreports.com/114796.html . Read more on “China Grape Wine Industry Report, 2013-2016” report below.
The report highlights the followings:
• Production scale, import & export, consumption, market price and operation of China wine industry;
• Industrial