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The General Administration of Customs  released October 2024 wine import data, imports of about 19.7 million liters, an increase of 40.74%; Imports amounted to about $119 million (about 860 million yuan), up 73.07% year on year. For the January-October period as a whole, wine imports were about 234 million liters, up 13.26% year on year, and imports were about 1.276 billion U.S. dollars, up 30.08% year on year.

In October, the import volume of bottled wine (2L and below) was about 11.34 million liters, an increase of 29.03%, the import value was about 108 million U.S. dollars, an increase of 97.47%, and the average import price was 9.56 U.S. dollars/liter, an increase of 53.04%.

From January to October as a whole, the import of bottled wine was about 136 million liters, an increase of 5.7%, the import value was about 1.146 billion US dollars, an increase of 35.14%, the average import price of 8.42 US dollars/liter, an increase of 27.86%.

The import data of bottled wine in October showed a significant year-on-year increase, among which Australia imported only 16,000 liters in the same period last year, and soared to 4.02 million liters in October this year. The increase in the data was mainly due to the fact that many Australian wine brands re-established their layout in the Chinese market, some importers signed annual contracts with Australian producers, and a certain amount of products arrived every month. In addition, according to the feedback of some importers, the shipment of entry-level Australian wine is good, and some goods will be replenished for the Spring Festival peak season next year.

In addition to the Australian factor, many of the top 10 wine import sources in October saw a double increase in import volume, which is based on the background that these sources have been declining for most of the year, and the probability is high for importers to clear their inventories to a certain level and begin to replenish.

Bulk wine imports in October was about 7.81 million liters, an increase of 61.23%, the import value was about 5.75 million U.S. dollars, up 13.41%, the average import price was 0.74 U.S. dollars/liter, down 29.66%.

In October, bulk wine imports came from Australia (66.84% of the total), Chile (31.16%), France (1.18%), and Italy (0.81%). In terms of average import price sources, Chilean bulk wines were the lowest this month at $0.61 / l, Australia ($0.8 / l), France ($1.42 / l) and Italy ($2.42 / l).