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Wine import value South Korea 2015-2019

In 2019, the value of wine imported to South Korea amounted to around 259 million U.S. dollars, up from around 190 million dollars in 2015.

Main countries of origin

That year, around 83 million U.S. dollars’ worth of wine was imported from France. Almost four thousand tons of red wine in bottles was sold from France to South Korea that year. (950217) France has a reputation for producing high quality wine and is well positioned in the market. Nevertheless, when it comes to volume, Chile was the main country of origin for wine. Chilean wine has risen after the Korea-Chile Free Trade Agreement and has a reputation for being good value.

Rising wine market

The wine market is still in its early stages but is expected to develop further, as red wine gains the reputation to be healthier than other alcoholic beverages. In South Korea, most wine sold is imported and the domestic market mostly consists of traditional rice wine. The driving force behind the South Korean wine market are young, especially female, consumers, who prefer grape wine rather than traditional rice wines, which are considered outdated. The retail value sales of wine in 2017 amounted to around 2.4 billion U.S. dollars and was expected to grow to 2.8 billion U.S. dollars until 2022.

Value of wine imported to South Korea from 2015 to 2019

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Sources

Release date

April 2020

Region

South Korea

Survey time period

2015 to 2019

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Statistics on "Alcoholic beverages market in South Korea"

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