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China Alcoholic Drinks Association （CADA）analyzed the wine industry development last year, and also predicted the industry situation in 2023..

According to the National Bureau of Statistics, in 2022, the total wine production of enterprises above designated size in the wine industry was 54275 million liters, up 0.8 percent year on year. Of the 1,756 companies above designated size, 356 were loss-making, accounting for 20.3 percent of the total. The cumulative product sales revenue reached 950.09 billion yuan, up 9.1% year on year; The cumulative profit reached 249.15 billion yuan, a year-on-year growth of 27.4%; The accumulated loss of loss-making enterprises was 4.54 billion yuan, down 7.8 percent year-on-year.

Song Shuyu, director general of CADA, made a speech about "China Wine Industry Development Analysis and 2023 Development Report" with the title of "Witnessing the power of wine industry".

Song Shuyu said that the wine industry, which has been the most affected and impacted by the epidemic, has bottomed out . The overall revenue and profit level of the wine industry is low, the profit of the whole industry is only 340 million yuan, and the small and medium-sized enterprises are in the state of continuous loss. The wine consumption has encountered a bottleneck, and the high quality development of wine industry has a long way to go. The road of Chinese wine breakthrough is not smooth, Chinese culture, Chinese quality need to be built systematically.