The Hong Kong International Wine and Spirits Fair (HKIWSF)
will be held from November 4th- 6th,
2009. The wine market in Asia is growing with increasing
affluence. It is estimated that the wine consumption in Asia will
be doubled and increase to US$27 billion by 2017. The Chinese
mainland and HK, currently constituting 60% of Asia’s wine
consumption, will become the world’s eighth largest market.
Hong Kong is set to become a wine trading and distribution centre
of Asia. The wine market in Hong Kong is growing rapidly.
On February 27, 2008, the Hong Kong Government (HKG) abolished
its 40% excise duty on wine. The market has responded
favorably to the wine duty exemption. From March to December
2008, the total value of imported wine reached US$335 million,
representing an increase of 82% over the same period in 2007.
The Hong Kong Government is committed to developing Hong Kong as a regional hub for wine distribution and trading. Opportunities for U.S. companies include:
- Wine trading
- Wine related tourism
- Training and education on wine appreciation and culture
- Technology and services related to transportation, storage and display of wine
For more information on the wine market in Hong Kong, please see the attached 2008 wine report: http://www.fas.usda.gov/gainfiles/200803/146294113.pdf
For more information on the show, please visit: http://hkwinefair.hktdc.com/fair_dtl/detail.htm
Registration is available until Aug. 21, 2009. Please fill out the online registration form below for more information on the Hong Kong International Wine and Spirits Fair.