Austrian wine exports show increase in value

Published 2024년 4월 23일

Tridge summary

Austrian wine exports valued at €238.2 million, showing a 2.7% increase despite a 4.7% decrease in volume due to a drop in bulk wine exports. The average price per litre reached a record high of €3.66. There was a rise in export value for white wines in bottles by 7.3% and red wines in bottles by 3.4%, but bulk wines saw an overall value drop of 3.2% and a volume decline of 23.4%. The export of semi-sparkling and sparkling wines also experienced a significant decline. However, values rose in Canada and Asian markets. The Austrian Wine Marketing Board's CEO, Chris Yorke, noted that while there was a decline in bulk wine sales, sales of wine in bottles slightly rose, indicating that the value creation strategy is effective.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The value of Austrian wine exports has risen by 2.7% but volumes have fallen due to a “pronounced drop” in bulk wine exports, the Austrian Wine Marketing Board has revealed. The group said that exports rose to €238.2 million and stated that it was “noticing restrained dynamics in both the domestic and international markets”. According to figures from Statistics Austria on 2023 volumes, exports of Austrian wine totalled 65 million litres, equivalent to €238.2 million in value. This corresponds to a growth in value of 2.7% and a decline in volume of 4.7%. As a result, the average price per litre reached an all-time high of €3.66.In terms of the individual product groups, white wines in bottles saw a rise in export value of 7.3% and red wines in bottles of 3.4%. Bulk wines, on the other hand, saw an overall drop in value of 3.2%, and a decline of 23.4% in volume. This was the main reason behind the fall in the total export volume. An area that proved particularly difficult in the ...

Source: Thedrinkbusiness