China wields increasing power in world wine market: study
Food&BeverageApr 19, 2016
PARIS (AFP) -- The global wine market grew almost 11 percent last year as China not only drank more wine but also produced more, the International Organization of Vine and Wine (OIV) said Monday. In a market worth 28.3 billion euros ($32 billion) in 2015, France remains by far the largest exporter in terms of market share value, with 29 percent, equivalent to 8.2 billion euros. But France only ranks third in volume of exports, at 14 million hectoliters, reflecting the high quality of its wines w