What does the new year hold for the world of wine? Industry insiders at the Hong Kong International Wine & Spirits Fair share their insights
The advent of the new year heralds winds of change across the global wine landscape. According to statistics obtained from various sources, Asia Pacific is the third largest wine consumer market after Europe and the Americas with sales of about 644 million cases yearly. The number is set to rise. Between 2015 and 2020, the sale of wine in Asia is expected to grow by five to seven per cent per annum in both volume and value, in contrast to falling sales in Europe and slow growth in the US.
In other words, the limelight will mostly be on Asia, which is poised to lead the pack in sniffing out the next big quaff. At the recent Hong Kong International Wine & Spirits Fair held in November 2017, leading critics, taste makers and Masters of Wine shared their insights and forecasts on what 2018 might bring to the table, offering aficionados and casual enthusiasts alike a foretaste of newer and relatively undiscovered pours.
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