SOURCE / ECONOMY
Europe, South American traders expect bigger share after anti-dumping duties on Australia
By GT staff reporters Published: Apr 18, 2021 08:23 PM
Bottles of Australian wine on the shelf of a supermarket in Hangzhou, East China s Zhejiang Province on November 27, 2020 Photo: VCG
Winemakers from Europe and South America may enter a golden period of development in the Chinese market, the fifth-largest wine consumer in the world and the largest in Asia, after China imposed anti-dumping duties on Australian wine, leaving a 40-percent market gap to fill.
Since March 28 when China s Ministry of Commerce imposed anti-dumping duties of 116.2-218.4 percent on Australian wine for a five-year period, imports from France, Italy, Chile and other markets into China have accelerated significantly, with imports of Italian wines even doubling as consumption picks up, media reported.
Australian wine shunned for Spring Festival
Chu Daye Published: Feb 04, 2021 08:47 PM
Bottles of Australian wine on the shelf of a supermarket in Hangzhou, East China s Zhejiang Province on November 27, 2020 Photo: VCG
Australian wine, which had a large market presence in China before the Scott Morrison government soured bilateral ties with his anti-China policy, completely missed out on a surge of holiday sales for the upcoming Spring Festival holiday in China due to anti-dumping duties.
Australia on Thursday reported a trade and services surplus of A$72.7 billion ($55.47 billion) for 2020, an increase of A$5.2 billion from 2019, but its wine exports to China have declined.