Citation

Discussion Paper Details

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Title: Asia's emergence in global beverage markets: The rise of wine

Author(s): Kym Anderson

Publication Date: February 2020

Keyword(s): beverage market projections, Changes in beverage tastes, impacts of tax and trade policies and premiumization of alcohol consumption

Programme Area(s): International Trade and Regional Economics

Abstract: Asia's alcohol consumption, and its retail expenditure on each of beer, distilled spirits and grape wine, have more than doubled so far this century. In the process, the mix of beverages in Asia's consumption of alcohol has been converging on that of the west as wine's share rises. Since Asia's beverage production has not kept up with its expansion in demand, imports net of exports are increasingly filling the gap - especially for wine. This paper analyses trends in consumption and imports for the region and key Asian countries, and provides projections to 2025 using a new model of global beverage markets.

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Bibliographic Reference

Anderson, K. 2020. 'Asia's emergence in global beverage markets: The rise of wine'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=14389