In 2019, the number of French wine importers with aggregated import value over US$10 million decreased from 2018’s 10 to 8, which in return pushed down the category’s total import value from US$402 million to US$144 million, a 64% drop year-on-year, which is described by CAWS as a “wait cut-like sharp drop” (腰斩式锐减) referring to a drastic decline. (See graph below)