Sequence of global events impact Australian wine exports

Published 2021년 10월 19일

Tridge summary

Australian wine exports have experienced a decline due to tariffs in China, Brexit, COVID-19 market fluctuations, and low supply. The value of exports fell by 24% to $2.27 billion and the volume dropped by 17% to 638 million liters in the year ended September 2021. The value of exports to China decreased by 77% to $274 million. There was an increase in exports to Southeast Asia, but not enough to offset the decline in Northeast Asia. Global shipping delays have also impacted the export of Australian wine. The low inventory levels, resulting from small vintages between 2018–2020, have further complicated the situation.

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

Original content

A sequence of events in international markets have combined to lower the volume and value of Australian wine exports, as detailed in Wine Australia’s Export Report for the year ended September 2021, released today. Substantial import tariffs on Australian bottled wine to mainland China, the Brexit transition period concluding, COVID-19 market fluctuations, and low supply have combined to create a challenging year for Australian wine exporters. In the year ended September 2021, exports decreased by 24 per cent in value to $2.27 billion and 17 per cent in volume to 638 million litres (71 million 9-litre case equivalents). Average value also declined by 9 per cent to $3.56 per litre free on board (FOB). 10 months on, China exports see steep decline The biggest driver of the decline in exports was a significant decrease in exports to mainland China, following the imposition of import tariffs on Australian packaged wine in November 2020. The value of exports to mainland China in the 12 ...

Source: WineAustralia