Australian wine exports stand firm

Exports of Australian wine have performed well despite the overnight closure of restaurants, cafes and bars around the world.

Australian wine exports remain strong.

AUSTRALIA’S export wine market has remained buoyant in the face of “unprecedented” disruption to global wine markets.

Wine Australia’s latest export report shows the average value of Australian wine grew to $3.89 per litre (free on board) in 2019-20, its highest level in 15 years.

However the total value of exports decreased by 1 per cent to $2.84 billion.

Wine Australia chief executive Andreas Clark said exports during the first two quarters of 2019-20 followed the growth trajectory of recent years, but fell when global restrictions came into play this year.

“The advent of the COVID-19 pandemic has resulted in unprecedented disruption to wine markets around the world with the closure of restaurants, cafes and bars,” Mr Clark said.

“While the first two quarters of 2019-20 showed increases in exports, in the third quarter ending March 2020, exports declined 7 per cent in value on the comparable quarter in the previous year, while the fourth quarter was slightly stronger with a decline in exports of 4 per cent in value.”

Exports to mainland China – Australia’s biggest wine market – increased 0.7 per cent in value to $1.1 billion, and average value was up 22 per cent to $9.07.

Australia has held on to its title as the most imported wine sold in China, with a 37 per cent market share, well ahead of France, Chile and Italy.

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