Austrian wine exports reach record value

Published 2023년 3월 17일

Tridge summary

In 2022, Austrian wine exports reached a value of €231 million, a 6.4% increase from the previous year, with North American and Northern European markets driving demand. The country exported 67.7 million litres of wine, with the value per litre averaging €3.42, a record high. Despite fluctuations in export volume over the past 20 years, the value has consistently increased, especially since 2020. Demand for Austrian white wines and Sekt has significantly increased. Although Germany is the largest market, Brexit has negatively impacted exports to the UK. However, demand in the USA, Canada, and East Asian markets, including Japan and South Korea, has surged.

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

Original content

Last year, the value of exports of Austrian wine reached a new high of €231 million, with North American and Northern European markets driving the demand. According to figures from Statistics Austria, the country exported 67.7 million litres of wine in 2022. Though this was 3.5% than the volume figure for 2021, the value of those exports rose by 6.4%, reaching a record average price per litre of €3.42. While export volume has fluctuated over the last 20 years, export value has been on an upwards trajectory, spiking since 2020 as awareness of the quality of Austrian wine increases. Austrian Wine CEO Chris York celebrated this boost: “Success in the export markets, and especially the record average price, is very important for our wine industry. The current wave of inflation is also hitting our winegrowers hard, which is why we need to focus on growing their added value.” “We have noticed that our white wines are really hitting the spot with international consumers and demand is ...

Source: Thedrinkbusiness