Hong Kong: Hong Kong Maintains Its Position as a Wine Trade Hub for Asia Despite Lukewarm Domestic Demand

The Hong Kong market has developed into a dynamic wine export destination since the abolishment of wine tariffs in 2008. The slow recovery of the global economy dampened the city’s global imports of wine in 2023. Nonetheless, the city remains one of the busiest wine re-export hubs in the world. As the global economy and the city’s economy continues to recover, retailers and food service operators in Hong Kong continue to adapt to challenging operational conditions and changing consumer behaviors in the city.