NEWS
S. KOREA WINE IMPORTS MORE THAN DOUBLED IN Q1 2021 DUE TO HOME DRINKING
By Susan Lewis
28-4-2021
Credit: David Mathews
South Korea’s wine imports more than doubled in the first quarter of 2021 as more people enjoyed drinking at home due to the coronavirus outbreak, according to data from Korea Customs Service.
Asia’s fourth-largest economy imported USD109.7million worth of wine in the January-March period, up 115.4 percent from a year earlier, the Yonhap News Agency reported quoting data from the Korea Customs Service and industry sources.
It represents the first time for the value of first-quarter wine imports to exceed the USD100mn mark.
The volume of imported wine also soared 86.4 percent on-year to 15,473 tons, the highest tally for the first quarter.
Industry watchers attributed the first-quarter jump to coronavirus-induced social distancing measures that prompted more people to enjoy drinking wine at home instead of going to bars.
Imports of red wine were the largest at USD84.09mn in the three-month period, followed by white wine with USD22.4mn.
In terms of red wine, France was the leading exporter with USD19.66mn, trailed by the United States with USD17.51mn, Chile with USD17.39mn and Italy with USD12.16mn, according to the Yonhap report.
(the writer can be contacted at: info@thewinechronicle.com)
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