Hong Kong: Love for Wine Prevails Against Pandemic

  |   Attaché Report (GAIN)   |   HK2022-0038

The Hong Kong wine market has stayed resilient since the start of the COVID-19 pandemic. The local foodservice business has suffered the most as the operation of restaurants and bars were often curbed to contain the virus. However, wine retail sales injected energy to a sluggish market and enabled the continuation of wine consumption in Hong Kong. During this time, marketers navigated COVID-19 restrictions by reformatting and reimaging promotional events that expanded sales opportunities. Millennials are eagerly fueling the market with interest in wine appreciation and compelling-story-telling brands. As Hong Kong has bounced quickly from previous waves, the foodservice industry and wine traders remain cautiously optimistic about regaining market opportunities in the later part of 2022.

Related Reports

Attaché Report (GAIN)

Malaysia: Grain and Feed Annual

Malaysia relies on imports to satisfy local demand for grain commodities including rice, corn, and wheat.
Attaché Report (GAIN)

Paraguay: Grain and Feed Annual

Paraguay’s wheat exports inn marketing year (MY) 2025/26 are forecast at 550,000 metric tons (MT), edging up slightly from the previous year, supported by a modest expansion in planted area even as yields may decline marginally.
Attaché Report (GAIN)

China: Cotton and Products Annual

Posts forecasts MY 25/26 cotton production at 6.35 million metric tons (MMT) on stable planted area and a return to normal weather conditions. Imports are forecast at 1.55 MMT and domestic consumption at 8.15 MMT.