Maguey Exchange’s Post

🍇 Missed the Webinar? Catch the Replay! 🍷 Looking to tap into the immense potential of the Chinese market for your Australian wines? 🍷 China remains one of the largest and most dynamic markets for wine exporters, and despite challenges, opportunities still abound! In this insightful session, we explored: ✅ Identify Financing Options : Explore funding solutions to support your export business. ✅ Outsourced Business Development : Learn how to engage local experts to represent your winery, secure distribution deals, participate in trade shows, and develop sales strategies for both bulk and bottled wine. ✅ Brand Representation & Marketing : Discover methods to boost your winery's presence through articles, social media, wine tastings, and business tours. ✅ Operational Support : Gain insights on setting up a business in Hong Kong or China, covering compliance, regulations, and hiring 💡 Don't miss out on this valuable information to help your business expand into this fast-growing market. Click the link below to access the replay and gain expert insights on how to unlock new opportunities in China! 🎥 Replay Available Now: https://lnkd.in/gKySUpNH #WineExports #ChinaMarket #AustralianWine #GlobalBusiness #WineIndustry #ExportOpportunities #MarketExpansion #ChinaTrade ALTIOS International

Wine Export Dependency on China, 2023. Aside from Hong Kong, Chile is highly exposed to the (shrinking) Chinese wine market. 13.5% of Chile's wine export went to China. Similarly, 5.1% of U.S. exports and 4.6% of Georgia's export were shipped to China. France, the world's largest wine exporter and also the largest wine exporter to China, is less exposed (3.6%).

Wine Export Dependency on China, 2023. Aside from Hong Kong, Chile is highly exposed to the (shrinking) Chinese wine market. 13.5% of Chile's wine export went to China. Similarly, 5.1% of U.S. exports and 4.6% of Georgia's export were shipped to China. France, the world's largest wine exporter and also the largest wine exporter to China, is less exposed (3.6%). https://lnkd.in/ecn_ftDT

There are many ways to sell new wines in Korea. 1. How to sell to consumers through a Korean import company 2. How to sell overseas directly online 3. There are many ways to sell wine in Korea. Out of these, the most preferred method for exporters would be number 1. But that is while the wine market in Korea is growing. What if the wine market in Korea is in a bad situation? Number 2 requires a long wait. Also, it is hard to expect big sales. Then how about number 3? What are some companies that have entered the Korean market directly? First of all, these companies have whiskey products. They imported and distributed wine based on whisky distribution. However, the distribution channels of whiskey and wine are slightly different, and the methods are also different. So, they often eventually withdrew from the wine market. On the other hand, what happened to wine companies that entered Korea directly? At first, there were problems such as hiring employees and communicating with customers. But after such a difficult time, most companies have established themselves in Korea. Some companies now have annual sales of more than 5 billion U.S. dollars. You need to invest early in order to establish a company in Korea. First, I need to find a partner to act on behalf of me in Korea. After that, you will need to rent your office and warehouse through a partner. After that, you need to get an import license based on where you rented it. Usually, this period takes about two months. How much will it cost? The initial cost is about 30 million won (22,000 US dollars). For more detail information, please contact WineStein Consulting Korea #wine #Korea #Import #Export #WineStein

How to get into the tequila exportation market? Learn the key requirements in this article https://hubs.la/Q02Jv7gB0 #bulktequila #tequila #dialce #theiideacompany #tequilainbulk #wholesaletequila

Unlike the widespread declines seen in 2023, in the first half of 2024, only two provinces on the top 10 list experienced a decrease in import value, with wine imports in Anhui province in eastern China surging more than 1000% during the period. #news #china #wine #imports #top10 #wineimports #analysis #customsdata #market #business #anhui #fujian #shanghai

As the craft beverage industry continues to grow, expanding into international markets offers exciting opportunities for breweries. However, exporting comes with its own set of challenges. With International Beer Day this Friday, it's the perfect time to explore how your business can tap into global markets successfully. Here are some key tips to help you navigate the complexities of exporting craft beverages: 1️⃣ Compliance: Ensure you understand the regulatory requirements of your target market. This includes labeling standards, ingredient restrictions, and import taxes. Staying compliant avoids costly delays and potential fines. 2️⃣ Market Research: Conduct thorough market research to identify demand for your product, local preferences, and competitive landscape. Understanding your target audience helps tailor your approach and increases your chances of success. 3️⃣ Building Relationships: Establish strong connections with overseas distributors and partners. Reliable distributors can help you navigate local regulations, manage logistics, and promote your product effectively in new markets. 4️⃣ Quality Control: Maintain high standards of quality and consistency in your products. International consumers expect the same level of excellence that made your brand popular locally. 5️⃣ Cultural Sensitivity: Be aware of cultural differences and preferences in your target market. Tailoring your marketing and branding to resonate with local consumers can make a significant impact. Ready to take your craft beverage business global? Let’s connect and explore strategies to help you overcome export challenges and seize international opportunities. #CraftBeverage #Exporting #InternationalMarkets

Raise your glasses high because #NationalWorldWhiskeyDay is rolling in, and we're highlighting our incredible supplier, KOVAL Distillery, to make it an unforgettable celebration! 🥃 In 2022, KOVAL Distillery participated in Food Export's Branded Program to gain brand awareness in Australia, Austria, Belgium, China, France, Germany, Hungary, Italy, Japan, Netherlands, Poland, South Korea, Switzerland, Taiwan, and the United Kingdom. The Illinois supplier used its allocated funds to attend foreign trade shows, complete in-store sampling events, make packaging/labeling modifications, and advertise via social media, in magazines, and on television. These activities helped the Chicago, Illinois-based supplier gain sizable sales in Australia, Austria, Belgium, China, France, Germany, Hungary, Italy, Japan, Netherlands, Poland, South Korea, and Taiwan. KOVAL also gained new foreign buyer contacts and established new distributorships. KOVAL Distillery is committed to the craftsmanship of creating delightful whiskey, gin, vodka, and liqueurs. Their commitment to excellence is evident in their distillation process, where only the finest distillate is derived through the notable "heart cut" technique. Throughout the distillation journey, the liquor undergoes three distinct phases, known as cuts: the head cut, heart cut, and tail cut. Amongst these cuts, the heart cut exhibits an unmatched aroma and flavor profile and is the only cut KOVAL uses. Embracing the core belief that remarkable spirits can only be crafted from favorable ingredients, KOVAL uses a grain-to-bottle approach for its entire product line. Every step of the production process is carefully supervised to ensure that every batch embodies exceptional quality. #WorldWhiskeyDay #whiskey #foodexport #export #successstory

🇦🇺🍷👉📈 What are some overlooked export markets for ANZ winemakers? Based on the summaries provided, some overlooked export markets for ANZ winemakers could be: 1. The United States - Still wine exports to the United States remain steady despite a general decline in French wine exports, indicating the market's resilience and potential for growth [28]. 2. Hong Kong - Value exports to Hong Kong increased by 74% in 2023, showcasing it as a significant alternative market for Australian wine exports, especially in the context of China's tariffs on Australian wines [29]. 3. The UK - New Zealand wine sales in the UK market outperformed the industry average with a 7.7% increase in sales value and a 5.6% increase in volume in 2023 [6], and overall export value to the UK has not dipped for French wines [28]. This demonstrates the UK's potential as a stable and growing market for ANZ wines. 4. Asia-Pacific region - Nimbility's efforts in helping wine producers find import and distribution partners in the APAC region [5] underscores the opportunities available in this diverse market for ANZ wine producers looking to expand their footprint. 5. Emerging markets mentioned without specific data but referred to as needing adaptation by the French wine industry to ensure future growth [28]. While the summary does not specify which emerging markets, the indication is that there are untapped or underexploited opportunities that could also be relevant for ANZ winemakers. 👉 Read more here: https://lnkd.in/dHrYVhGG #winery #winemaking #wineindustry #performance #marketing

Looking For Japanese Connections! Press Release: Boulder Spirits and a select few distillers, brewers and beverage producers from Colorado  will  represent the Colorado Department of Agriculture on an outbound trade mission to Japan from Aug 4-9. The focus will be connecting with importers, buyers, and wholesalers to introduce and promote the exceptional distilled spirits and beverage  products being made in Colorado. They will be joined by their counterparts from the State of Montana. This opportunity of global attention is “exciting for the brand” notes Blender and Head of Marketing, Ryan Negley. “This truly is a once in a lifetime chance that we hope to turn into an ongoing series of visits to a new market.” Boulder Spirits doesn’t have an importer or representation in Japan, yet. But this trip will allow face to face meetings with the proper individuals and companies to change that. Japan has a population exceeding 123 million and the fourth-largest GDP, and is the fourth-largest export market for U.S. food and agricultural products as of 2022. In 2023, Japan imported $123m USD of American spirits, most of which was whiskey. “American whiskey’s reputation is rising around the world.” Negley proudly states. “We’re going to humbly, and proudly share these top-tier whiskeys with new Japanese friends.” Happen to know an importer or top-level whiskey journalist and/or influencer? Send them our way! Import inquiries can be made to Alastair@vapordistillery.com.