Australian winemaker Taylors Wines faces challenges in regaining market share in China after tariffs end, as French and Chilean vintners have taken advantage. Falling global wine consumption, especially of cheaper reds, has impacted Australia, with China being a key growth market. Excess Australian wine stock in Hong Kong warehouses due to high tariffs, leading to vineyards being uprooted and sellers struggling to sell over 2 billion liters of wine.
The world’s second-largest consumer market for diamonds has stalled. Why has China lost its sparkle? https://t.co/qfAhnmIOJm https://t.co/L0jtYPYpIm
Tariffs exceeding 200% have led to vineyards being ripped up and sellers are desperate to shift more than 2 billion litres of stock ⬇️ https://t.co/oz9jOliCS3
Cases of Australian wine are sitting in Hong Kong’s warehouses, much more than the city's residents can drink (safely). Grudge-holding officials in Beijing are fermenting this trouble—but perhaps not for much longer https://t.co/lFygHDUpi7 👇
Falling consumption of wine worldwide has hit Australia particularly hard as demand shrinks fastest for the cheaper reds that are its biggest product, and in China, the market it has relied on for growth until recent years https://t.co/EA8DFSiHZV https://t.co/b4cz3ef1kl
Australian winemaker Taylors Wines sees challenges in rebuilding its brand in China once tariffs end, after French and Chilean vintners snapped up market share https://t.co/PZ6jfyr4eG