Wine industry on the rise again
Free trade agreements and a shrinking Australian dollar is spurring a renaissance in premium wine exports.
The Australian wine industry marked a significant milestone recently. The value of its exports in the financial year to June 2015 rose 5 per cent to $1.89 billion while volume of exports rose 4 per cent to 724 million litres – the first rise in export value since 2006-07, and the first time wine export volumes have risen since 2010-11.
Australian wine makers exported to 122 countries in the year to June, with 45 more companies exporting than the year before.
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