Hong Kong Trade Development Council at Vinitaly 2011
HKTDC invites Italy into the HK market.
HKTDC held a seminar with Veronafiere at the Vinitaly 2011 fair on 8 April 2011 to invite Italian producers to exhibit at the Hong Kong Wine & Spirits Fair this November 2011.
The panel was organized by Vinitaly General Coordinator for Vinitaly International, Stevie Kim with a panel of speakers including – Director General of Veronafiere, Giovanni Mantovani,Ettore Riello, President of Veronafiere, Stefano de Paolo, Invest Hong Kong, Shigeru Hayashi, Managing Director of Eataly Tokyo. Clare Wong, Assistant Executive Director of Hong Kong Trade Development Council outlined some of the highlights of what Hong Kong had to offer Italian producers.
HKTDC invites Italy into the HK market.
HKTDC held a seminar with Veronafiere at the Vinitaly 2011 fair on 8 April 2011 to invite Italian producers to exhibit at the Hong Kong Wine & Spirits Fair this November 2011.
The panel was organized by Vinitaly General Coordinator for Vinitaly International, Stevie Kim with a panel of speakers including – Director General of Veronafiere, Giovanni Mantovani,Ettore Riello, President of Veronafiere, Stefano de Paolo, Invest Hong Kong, Shigeru Hayashi, Managing Director of Eataly Tokyo. Clare Wong, Assistant Executive Director of Hong Kong Trade Development Council outlined some of the highlights of what Hong Kong had to offer Italian producers.
Some interesting facts and figures that should get any wine producer excited.
- Asia represents the greatest growth market for wine consumption and wine import excluding Japan is expected to reach US1.5 billion by 2017, China alone will account for US$870.
- Chinese mainland and Hong Kong are big wine investors and they represent 40% (1 million cases) of wine stored in London.
- China’s demand for imported wine grows at an averages of 60% per annum and per capita consumption is only 0.5 litre in 2009 with plenty of opportunity for growth especially with the middle class.
- Wine import into Hong Kong in 2010 rose to 73% to US895 million a
- Already 27% of Hong Kong’s wine imports are re-exported into China because importers are able to skip import tax and use Hong Kong as a holding hub to supply wine into China.
- Hong Kong wine consumption ins 4.3 litre per capita, highest in Asia and is increasing.
With Italy as the partner country for the Hong Kong Wine & Spirits Fair 2011, the number of exhibitors from Italy (already the biggest exhibitors) is expected to increase this year and we look forward to Italy bringing their passion for good wine and good food to Hong Kong later this year!
Some interesting facts and figures that should get any wine producer excited.
- Asia represents the greatest growth market for wine consumption and wine import excluding Japan is expected to reach US1.5 billion by 2017, China alone will account for US$870.
- Chinese mainland and Hong Kong are big wine investors and they represent 40% (1 million cases) of wine stored in London.
- China’s demand for imported wine grows at an averages of 60% per annum and per capita consumption is only 0.5 litre in 2009 with plenty of opportunity for growth especially with the middle class.
- Wine import into Hong Kong in 2010 rose to 73% to US895 million a
- Already 27% of Hong Kong’s wine imports are re-exported into China because importers are able to skip import tax and use Hong Kong as a holding hub to supply wine into China.
- Hong Kong wine consumption ins 4.3 litre per capita, highest in Asia and is increasing.
With Italy as the partner country for the Hong Kong Wine & Spirits Fair 2011, the number of exhibitors from Italy (already the biggest exhibitors) is expected to increase this year and we look forward to Italy bringing their passion for good wine and good food to Hong Kong later this year!
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