ITALIAN WINE. FOCUS ON CHINA FOR VINITALY: THE NEW ROADSHOW SETS OFF
TODAY
-
B2b mission for 46 companies including Italian wine cellars and
distributors; tastings involving more than 300 labels. More than 500 accredited
operators for the first stop-off
-
The Vinitaly-Nomisma Observatory estimates an average annual
increase of 7.5% in Italian wine exports to China through to 2020. This is
higher than the expected overall average local growth in demand of 6% per year
-
Collaboration with ICE-Italian Trade Agency is confirmed with the
organisation of "I love Italian wines" training
courses.
Verona,
11 June 2018 -
Shenzhen, Changsha and Wuhan. These are the new stop-offs for the Vinitaly
roadshow scheduled in China 11-14 June, whereby Veronafiere consolidates its
presence in Asia, after trips to Beijing, Shanghai, Hong Kong and Chengdu and
Vinitaly International Academy appointments.
The trade mission travels to three cities in the south-east of the
country, totalling more than 40 million inhabitants. The future of demand for
wine in China will be concentrated in cities, given the growing importance of an
upper class enjoying high spending
power (25% of the population by 2022) and a urbanization rate that will increase
by 5 points over the next five years to 63%.
According to data published by the Vinitaly-Nomisma Wine Monitor
Observatory, wine consumption in China grew by 3% in 2017 compared to 2016
with imports coming to 2.5 billion euros - thereby doubling in value over the
last ten years. Italy's market share in the opening months of 2018 sis 7% and
growth margins for Italian exports are consequently still very high. Yet the
first vital step in winning over new consumers is to promote the quality and
variety of Italian wine production among importers, agents and the horeca
channel.
With this objective in mind, Vinitaly - the leading international
event in the sector organised by Veronafiere - has scheduled three events in
Shenzen (11 June) Changsha (13 June) and
Wuhan (14 June), bringing together 46 companies in China,
including Italian wine cellars and Chinese
distributors.
The
formula envisages three days dedicated to b2b meetings and tastings of more than
300 labels exclusively for reserved for select professional audience. More than
500 operators have been accredited for the first stop-off in
Shenzen. The implementation of the roadshow sees
Vinitaly flanked by ICE-Italian Trade Agency, thereby complementing
scheduled activities with the "I love Italian wines" training courses
promoting awareness of more than 500 Italian native grape varieties. The
initiative in China also welcomes the collaboration of Shenzen Pacco
Cultural Communication, that already organizes the important
IWSS-International Wine and Spirits Show in
Chengdu.
"These three cities,"
said Giovanni Mantovani, CEO of Veronafiere, "are strategic hubs for spreading the
culture, history and lifestyle of Italian wine with a view to encouraging
consumption. Italian wine exports to China have increased by 50% over the last
ten years but we are still a long way behind the results achieved by our
competitors. The Vinitaly-Nomisma observatory has estimated through to 2022 an
overall increase in Chinese wine imports of 6% per year and 7.5% for Italian
labels. This is the catchment of potential consumers we must focus on, not the
least thanks to the support of ICE-Italian Trade Agency, with which we continue
to work profitably within the scope of the Special Made in Italy Promotion
Plan."
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