Hong Kong's Q1 2022 Wine Imports Crash by 27%
Asia Wine Market Insights

Hong Kong's Q1 2022 Wine Imports Crash by 27%

Wine imports in Hong Kong in the first three months of 2022 declined in value by 27% as the fifth wave of coronavirus infections restricted mobility and shut drinking venues.

Data from the Census and Statistics Department showed that about HK$1.9 billion worth of wines from international sources entered the city between January and March.

The decline in wine imports came as the city is fighting a new wave of COVID-19 infections that began in February and peaked sometime in early March.

Much of the decrease was recorded in its top import, French wines, which value fell by 27% to HK$1.2 billion.

In the quarter, Australian wines saw a 32% slump to HK$270 million while wines from the United Kingdom and the United States also slid by 4% and 25%, respectively.

Only wines from Italy saw growth, albeit minimal, at HK$60 million.

In terms of wine categories, both imported red and white wine bottles dropped in value by 28% and 6%, respectively.

Champagne bottles were down 26% while bottles of port took a 36% dive. Imported sherry bottles increased slightly by 5%.

In March alone, Hong Kong's wine importation fell by almost 40% to HK$510 million.

Hong Kong's Top 5 Wine Exporters in Q1 2022 vs Q1 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France HK$1,156,894,000 HK$1,593,125,000 -27%
2 Australia HK$270,399,000 HK$395,556,000 -32%
3 United Kingdom HK$159,036,000 HK$166,248,000 -4%
4 United States HK$60,286,000 HK$80,326,000 -25%
5 Italy HK$59,875,000 HK$58,796,000 +2%
Total HK$1,853,374,000 HK$2,531,105,000 -27%
Source: Hong Kong Customs

Bottled Wine Categories in Q1 2022 vs Q1 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
Red HK$1,618,274,000 HK$2,249,999,000 -28%
Champagne HK$109,226,000 HK$147,781,000 -26%
White HK$103,730,000 HK$110,935,000 -6%
Sherry HK$295,000 HK$281,00 +5%
Port HK$1,165,000 HK$1,821,000 -36%
Source: Hong Kong Customs

Hong Kong's Top 5 Wine Exporters in March 2022 vs 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France HK$351,025,000 HK$584,934,000 -40%
2 Australia HK$46,346,000 HK$74,314,000 -38%
3 United Kingdom HK$33,612,000 HK$67,584,000 -50%
4 United States HK$16,868,000 HK$31,050,000 -46%
5 Italy HK$16,806,000 HK$15,681,000 +7%
Total HK$509,579,000 HK$833,659,000 -39%
Source: Hong Kong Customs

Bottled Wine Categories in March 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
Red HK$420,751,000 HK$745,329,000 -44%
Champagne HK$53,938,000 HK$38,143,000 +41%
White HK$26,434,000 HK$42,653,000 -38%
Sherry HK$31,000 HK$84,000 -63%
Port HK$502,000 HK$324,000 -55%
Source: Hong Kong Customs
Previous
Japan's Q1 2022 Wine Imports Rise 22%
Next
DBR Lafite's Chinese Wines Coming to Hong Kong, Macau This Summer

Leave a Comment

Your email address will not be published.

Learn About Wine

Become a Wine Expert

How to Master Wine Tasting

How to Master Wine Tasting

Wine tasting is a skill that requires time and patience to acquire, but it’s not magic. Use these tips to improve your wine tasting abilities and impress your friends.
The Origins and History of Wine

The Origins and History of Wine

Wine has been a part of life dating back to 7000 B.C. Since then it has helped shape communities and industries throughout the regions where it grows.
Top 5 Wine Tools & Accessories Every Wine Lover Should Own

Top 5 Wine Tools & Accessories Every Wine Lover Should Own

Learn about the different tools used by wine professionals and how these can take your wine game to the next level!