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

Published 2024년 10월 22일

Tridge summary

In the year leading up to September 2024, Australian wine exports surged, with a 34% increase in value to AU$2.39 billion and a 7% rise in volume to 643 million litres, largely due to renewed demand from China after import duties were lifted. Exports to China alone jumped by AU$604 million in value and 58 million litres in volume. While exports to the US and Canada varied, the UK and Belgium experienced stronger sales. Despite global shipping challenges and a 3% decline in worldwide wine shipments from major exporters, Australian still red wine, especially Shiraz, saw significant growth, whereas still white wine exports slightly decreased in volume but rose in value.

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

Original content

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 ...

Source: Harpers