Australia: How has wine consumption in the UK been impacted by the economic and behavioral change?

The United Kingdom is Australia's top export market for wine volumewith the market's performance influenced by factors such as inflation, declining disposable income, rising alcohol duties, and decreasing wine consumption per person. Wine Australia's UK Market Update report[/INST] highlights the economic impact of the pandemic, inflation, and new alcohol taxation regime in the UK, which has led to a decline in alcohol consumption, particularly wine and spirits. Despite this, the number of weekly wine drinkers has grown. The introduction of the new alcohol taxation regime is expected to result in price increases for still wines and encourage the development of lower-alcohol brackets. The market also sees a growing demand for no-alcohol wine, with the off-premise channel being the primary driver of Australian wine exports to the UK, which have been influenced by Brexit and the COVID-19 pandemic. Wine Australia offers resources and insights for current or prospective exporters, including access to data and experts.