Trends and opportunities for Wine to Taiwan
The market
In 2007, the total still wine market in Taiwan was approximately
US$87 million.
Exports of Australian wine to Taiwan have been steadily increasing
since 1999 and in 2007 reached 1.8 million litres valued at around
$9.5 million. In dollar value, Australia accounts for about 11 per
cent of the import wine market, which is just second to France (54.5
per cent), followed by the USA (8.9 per cent) and Chile (7.2 per
cent).
In the past few years US wines significantly decreased, as Chilean
wines rose to be the first growing export origin for market share.
In the first half of 2008 French wine has a high growth rate at
around 50 per cent per annum compared to the same period in 2007. It
is most likely due to the high appreciation of French Bordeaux and
Burgundy wines. Chilean wines grew by 47 per cent, while Australian
wine decreased by 4.7 per cent due to the strong Australian dollar.
Opportunities
The consumer behaviour in Taiwan has led to an M-Style society.
Middle price range (FOB A$80-A$200 per case) has become the most
difficult segment and therefore requires more effort to be
successful.
Today, consumers are either willing to pay for the premium and most
famous wines or wants the cheapest possible wines from supermarkets
and hypermarkets. While the low price wines (FOB A$20-A$60 a case)
still remains the largest sales volume, this segment is dominated by
French AOC Bordeaux and Chilean wines.
Ultra premium range (FOB A$200+), limited release and collectable
items have become an important market for Australian wine in Taiwan.
Competitive environment
The local taste preferences are very complicated, but are strongly
influenced by French wine growers and the US media, such as Robert
Parker, Wine Advocate and Wine Spectator. The wine choices in Taiwan
are vast, as retailers will sell different brands of wine at
different price segments and competition is very strong.