Dynasty Wines revenues have slumped 11%, and they're blaming the Europeans.
The irony, the absolute irony.
Hot off the wires this morning comes the report that Chinese producers of wine have asked their government to investigate cheap imports which, they say, are hurting local producers efforts to develop the market.
Sounds familar?
They claim that imports of wine, especially from Europe, has increased 5 times since 2008 and now accounts for169 million litres. Spanish wine accounts for 50% of this.
China (overnight it seems) is now the fifth-largest consumer of wine in the world, so one can see how the local are getting irritated under the collar at the success of the imports. Two big local producers, Dynasty Wines and China Great Wall Wine have seen their market share drop from between 2 and 11%.
I wonder how local clothes manufacturers in South Africa feel about this? Happy that a taste of their own medicine is being dished out?
But forget clothes.
Your iPad, iPhone, kettle, heater, shoes, hat, socks, garden hose, doggy bowl, garlic, furniture,swimming pool pump, in fact; everything you see around you, has been made in China.
They’ve been flooding the markets for years, pressurising local manufacturers and putting people out of work.
Hurts a little, when the shoe’s on the other foot.
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Hi Clare,
nice article, is anyone ever tried Chinese red Wine? any good?
I have tried a few glasses of Chinese wine. I’d definitely spray the roses with it.
Like here, there are good and poor Chinese wines. I have enjoyed some excellent Chinese Chardonnays and Gewurztraminer. A year ago a Cabernet blend (Jia Bei Lan) scooped the international Decanter trophy as best Bordeaux varietal over GPB 10! I would certainly not spray that on my roses!!
For us wines in restaurants and shops in China is extremely expensive compared to SA. The well to do Chinese are not particularly interested in drinking Chinese wines they prefer the status of Bordeaux first growths!
So if they don’t drink them and don’t export them, what do they do with them?
They spray them on their roses!
Chinese wines are outrageously overpriced for the quality–if you are lucky enough to get one that can actually be imbibed. I’ve had reds that cost like 15USD and poured them right down the drain–and even so worried that I was eliminating all life in the eventual rivers the sewers drained into.