31 Oct Australian annual wine exports peak at close to $3 billion
The value of Australian wine exports has risen to a record AUS$2.89 billion in the 12 months to September 2019, according to data published by industry body Wine Australia.
The latest total export figure represents a 7% rise on the previous year, while the same period also saw the average price of bottled wine exports reach a high of $6.79 per litre.
There was continued export value growth to markets such as China, the Netherlands, UAE, Denmark, South Korea and Belgium, while the value of exports to the UK, Japan and Germany declined in the period.
Wine Australia’s CEO Andreas Clark said: The positive numbers also reflect that the average value of bottled wine to all but three of our top 20 destinations are in growth and nearly all the major global regions imported more Australian wine in the past year, with the exception of Europe, which declined by 3%.
“Global Trade Atlas figures for the year ended August 2019 showed that overall wine imports declined by 11% in value with French wine being the biggest contributor to the decline,” Clark continued.
“Australia’s long-term growth trend, coupled with France’s sudden decline, has led to Australia becoming the number one source for wine by value in China’s imported market for the first time.”