Beijing, March 28 (IANS) China has imported a record $1.27 billion worth of bottled wine in 2011, up by 94 percent year-on-year, industry experts said.
The value of imported loose-packed wine was down by 20 percent from the previous year to $120 million, according to figures released at the China Worldwide Wine Summit Forum Tuesday.
The sale of imported bottled wine first surpassed imported loose-packed wine in 2009, said Lin Feng, vice president of H&J Consulting Company.
"The sale of imported bottled wine doubled that of loose-packed wine in two years, indicating the imported wine market is evolving from low-end to high-end," Xinhua quoted Lin as saying.
The volume of imported wine rose by 76.5 percent and 80.9 percent in 2010 and 2011 respectively, the China Culture Association of Poetry and Wine (CCAPW), sponsor of the forum in Hefei, said.
The CCAPW said sales of China produced wine had grown at an annualized rate of 18 percent from 2006 to 2010, and the domestic wine industry revenue reached 34.2 billion yuan in 2011, up by 36.3 percent year-on-year.
Greek ambassador to China Theodoros Georgakelos said his country exported 2 million euros worth of wine to China in 2011, a four-fold increase from 2010.
Chilian ambassador to China Luis Schmidt said Chile exported 61 million liters of wine to China in 2010, with trade volume reaching $83 million.
The Chinese wine market was attracting more attention from Latin American countries and had become the region's fastest growing market with an annual grow rate of about 50 percent in recent years, Schmidt said at the forum organised for the first time.
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