Category: Wine
Asia Wine
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Uzbekistan Wine
... focus was primarily on cheaper fortified wines, there was now a growing interest in wines that offered a balance between price and quality, indicating a shift towards more refined tastes. Moreover, the positive dynamics in ... Read More
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Taiwan Cider/Perry
... more opportunities to socialise outside of the home, cider/perry performed better than during the previous year of the review period. However, the category still saw losses across all metrics. Euromonitor International's Cider/Perry in Taiwan report ... Read More
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Turkey Wine
... poor grape harvesting, the aforementioned rising unit prices due to increased production costs, the VAT for alcoholic drinks going up from 18% to 20%, and excise tax (OTV) increasing twice in the year; as well ... Read More
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Turkey Cider/Perry
... channels in 2022. Cider/perry is not the most popular category of alcoholic drinks in Turkey, thus, when faced with economic challenges, the less-popular categories are those which stumble. In this context, consumers are more inclined ... Read More
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Laos Alcoholic Drinks
... a large proportion of the population has continued to purchase beer despite the rising prices. The impact of tourism on alcohol sales remains uncertain due to a lack of specific data, though increased tourist arrivals ... Read More
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Pakistan Alcoholic Drinks in Pakistan
... Pakistan, with only beer and spirits significant enough to show in the data. Both these categories are driven by Westernisation trends, with high-end products perceived as status symbols. On the other hand, wine, cider/perry, and ... Read More
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Pakistan Alcoholic Drinks
... Pakistan, with only beer and spirits significant enough to show in the data. Both these categories are driven by Westernisation trends, with high-end products perceived as status symbols. On the other hand, wine, cider/perry, and ... Read More
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Hong Kong, China Wine
... The city’s reopening was the catalyst for many local consumers who wanted to host large-scale events and banquets such as weddings and celebratory dinners, thus leading to a stocking up of wine. Catering businesses and ... Read More
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Hong Kong, China Cider/Perry
... sustained openings of on-trade outlets led to a marginal increase through this channel, as drinkers eagerly returned to bars and clubs to socialise. While local consumers enjoy other alcoholic drinks such as spirits and beer, ... Read More
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Georgia Wine
... the country. However, a noteworthy trend persisted, with a significant portion of locals continuing to favour home-made wine over commercially produced varieties. This preference for home-made wine was particularly pronounced in rural regions, where the ... Read More
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Bangladesh Alcoholic Drinks
... have seen more locals adopting the habit despite traditional and religious prohibitions. However, the future poses challenges for importers, retailers, and manufacturers due to political unrest and a slowing economy. Political instability may restrict drinking ... Read More
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Hong Kong, China Alcoholic Drinks
... previous year’s estimates, impacted by a sluggish local economy. Despite this challenge, sales continued to rise following the removal of travel restrictions and the number of events that Hong Kong hosted during the year, attracting ... Read More
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Cambodia Alcoholic Drinks
... spent around USD2.3 billion on beer in 2023. Meanwhile, the country's GDP grew by 5%, supported by stable domestic politics, tourism recovery, increased investments, beneficial free trade agreements, and a robust banking system. Alcoholic drinks ... Read More
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Georgia Alcoholic Drinks
... inflation and a stable exchange rate contributed to the prevention of significant price growth in alcoholic drinks. Euromonitor International's Alcoholic Drinks in Georgia report offers a comprehensive guide to the size and shape of the ... Read More
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Vietnam Alcoholic Drinks
... to the elevated rate of inflation, which impacted household spending. With prices continuing to rise, many consumers, especially those in the lower-income segment, opted to cut back on non-essentials in order to save money. Growth ... Read More
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Vietnam Cider/Perry
... its low ABV, its higher unit price compared to beer is a significant disadvantage when it comes to consumer trial. Nevertheless, the category witnessed a strong performance in volume terms in 2023, despite the inflationary ... Read More
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Vietnam Wine
... fact that key consumers of wine are middle- and high-income consumers, who are less likely than low-income individuals to be affected by economic fluctuations. However, the rate of volume growth was slower than the previous ... Read More
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South Korea Wine
... industry is now speculating about the next big trend, following the strong surge for whiskies and highballs. Initially, in 2020, wine became one of the preferred choices for premium home drinking. However, its appeal began ... Read More
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The Philippines Wine
... levels. Euromonitor International's Wine in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify ... Read More
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The Philippines Alcoholic Drinks
... on consumer spending. Indeed, the country finished with year with a GDP growth rate of 5.6%, which exceeded that of other major Asian economies, including China, Vietnam and Malaysia. Euromonitor International's Alcoholic Drinks in Philippines ... Read More
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The Philippines Cider/Perry
... beer and RTDs, which have a more established distribution, as well as a much broader consumer base. Nonetheless, a gradually improving economy, coupled with an increase in tourism, fostered a favourable environment for cider/perry, particularly ... Read More
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China Wine
... wine has decreased. In China, wine is mainly consumed in social settings, such as at social gatherings and business banquets. However, in recent years, consumption in social contexts has become increasingly diverse. Chinese spirits, international ... Read More
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Japan Cider/Perry
... prefectures in 2022, the return to pre-pandemic lifestyles had been gradual. However, with the reclassification of COVID-19 to a class five infectious disease in May 2023, akin to seasonal flu, and the shift in infection ... Read More
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Japan Alcoholic Drinks
... robust rebound as Japan began to move past the COVID-19 pandemic. In May 2023, COVID-19 was reclassified to level five by the government, the same as seasonal influenza, which significantly altered how the disease was ... Read More
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China Cider/Perry
... rates exceeding 20%. The strong growth of cider/perry can mainly be attributed to its low alcohol content, which has become increasingly favoured by Chinese consumers, who have heightened health awareness following the pandemic. High alcohol ... Read More
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