Australian Wine exports keep strong despite weather

Australian Wine exports keep strong despite weather

Australian wine exports declined by 4 percent in value to $2.77 billion in the 12 months to March 2021, compared with the previous corresponding period.

This driven principally by the toll taken by high Chinese tariffs, according to an Australian Wine Report released on April.

Export volume declined by 1 percent to 724 million liters.

While the average price per liter for wine exports declined by 3 percent to $3.82 free on board.

Australian Wine Chief Executive Officer Andreas Clark said the decline in exports was due principally to a steep decline in exports to mainland China.

As well as the cumulative effects of three consecutive lower vintage in Australia leading to less volume available to export.

‘Notwithstanding the impact of China’s tariffs, we were still looking at a potential downturn in exports over this period simply due to the supply situation’, Mr. Clark said.

Mr. Clark said exports to China for the December 2020 to March 2021 period were just $12 million compared to $325 million in the comparable period a year ago.

‘As the tariffs apply to product in bottles under 2 liters, the decline in exports to China was mainly in bottled exports.

This, along with increased unpackaged shipments to other markets such as the UK, resulted in a drop in the share of bottled exports in the export mix.

From 46 percent of total volume in the 12 months ended March 2020 to 41 percent in the same period in 2021. This led to the decline in the overall average value of exports.’

Mr. Clark said on a more positive note there had been significant growth in exports to Europe, which was up 23 percent to $710 million, the highest value in a decade.

‘There was also growth to North America, up 5%.

Source: Wine Australia

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