SEOUL, Feb.3 (Korea Bizwire) – Those in the wine industry expect that the consumption of wine among Koreans will continue to rise.
According to a report issued by VINEXPO and the International Wine and Spirits Research Center (IWSR), the consumption of wine among Koreans in 2019 will increase by 16.2 percent compared to 2015. This is a significant jump compared to the worldwide increase in the consumption of wine over the same period of time (1.4 percent).
Korea’s wine consumption in 2014 increased by 28.6 percent compared to 2010, which represents the sixth-highest growth in the Asia-Pacific region after China, Australia, Japan, New Zealand and Hong Kong.
In the meantime, total global wine consumption decreased by 1.5 percent in 2014 compared to the previous year.
Growth in the consumption of sparkling wine was noticeable in Korea.
The consumption of sparkling wine in 2014 increased 50 percent compared to 2010, and is expected to increase 33.3 percent in 2019 compared to consumption in 2015.
In addition, red wine had a 54 percent share of the international market, but 73.5 percent of the Korean market, reflecting Koreans’ preference for red wine.
Korea imported the most wine from Chile in 2014 (850,000 cases), followed by France, Italy, the U.S. and Spain.
By Lina Jang (email@example.com)