Shipments to China lift Australian wine exports to three-year high

Australian wine exports surged in the 12 months to September 2024, with value rising 34% to AU$2.39bn and volume up 7% to 643 million litres, according to Wine Australia’s latest report. These figures represent the highest levels since August 2021, mainly driven by a strong return to the Chinese market after removing import duties on Australian bottled wine in late March 2024. Exports to mainland China saw a significant boost, with value increasing by AU$604m to AU$612m, and volume rising by 58 million litres to 59 million litres. Peter Bailey, manager of market insights at Wine Australia, said: “Although the September quarter was smaller than the June quarter in both volume and value, it was still significant – totalling 27 million litres worth AU£214m.” Of the 927 businesses shipping to China, the top ten by value accounted for 68% of total revenue and 38% of the volume. Bailey highlighted that while the rise in exports to China is encouraging, the premium pricing of many ...