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Drinks

Australian Wine Exports Reach $2.1 Billion

The Wine Australia Export Report for December 2015 has revealed that the value of Australian wine exports rose 14 per cent to $2.1 billion last year, its highest since October 2007.

CEO of Wine Australia, Andreas Clark commented, “Pleasingly, our latest Export Report shows that the value of Australian wine exports grew in each of the top 15 export markets in the year ended 31 December 2015

“This export growth should be warmly welcomed by the Australian grape growing and winemaking community, as it is largely a result of their hard work.”

There were 1,517 active Australian wine exporters in 2015, up from 1,395 in 2014, with their products being exported to 122 destinations worldwide.

The strongest growth for Australian wines was in China, where value rose by 66 per cent to $370 million. However, the USA remains the sector’s most valuable export market, rising by 4 per cent to a value of $443 million.

The value of exports rose at each price point, but the largest increase was in wines with a free on board (FOB) value over $10 per litre. Sales of these wines grew by 35 per cent to a record $480 million, and they now make up 23 per cent of the value of Australia’s wine exports.

Bottled wine has been central to Australia’s export success, with exports increasing by 17 per cent to be worth $1.6 billion, while the average value of these wines grew by 7 per cent to $5.20 per litre.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Jenny Whelan. To subscribe to ESM: The European Supermarket Magazine, click here

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