Australia wine export volumes slump to 22-year low

Australia's vino export volumes dropped to their lowest level successful 22 years amid a planetary diminution successful intoxicant consumption.

New figures from Wine Australia, the sector's statutory body, amusement export volumes fell 6% to 598 cardinal litres successful the twelvemonth to June.

This marks the archetypal clip since 2004 that yearly export volumes person slipped beneath 600 cardinal litres, said the report.

Exports besides slumped successful presumption of value, dipping 7% to A$2.30bn ($1.59bn).

The manufacture assemblage said the effect points to worsening trading conditions crossed respective of Australia's biggest export destinations, against a backdrop of falling planetary vino intake that is present astatine its lowest level since 1961.

Peter Bailey, the marketplace insights manager astatine Wine Australia, said: "Data from aggregate sources suggests the diminution successful vino depletion globally is much than a short-term downturn – it's a reflection of changing user behaviour that is reshaping request astir the world."

The diminution was led by "weaker" request successful Australia's 3 biggest export markets - mainland China, the UK and the US, arsenic per findings.

Mainland China remained the largest marketplace by value, adjacent arsenic exports determination fell 15% to A$756m.

Wine Australia said the earlier post-tariff rebound and restocking rhythm had tally its course.

"The marketplace is nary longer being driven by the restocking of Australian wine, alternatively we're seeing a much mature and demand-led phase, reflecting a smaller and slower-growing Chinese vino marketplace than existed anterior to the imposition of tariffs successful precocious 2020," Bailey said.

In the UK, inactive Australia's largest marketplace by volume, and successful the US, the 2nd largest by volume, shipment volumes fell to their lowest constituent successful 25 years.

"Most of the diminution is coming from commercialized and mid-priced wines. Higher-value Australian wines person been much resilient and proceed to pull request successful the UK market," Bailey said.

"Unlike the UK, wherever premium wines person remained comparatively resilient, the US information points to weaker request crossed astir terms categories," helium added.

However, Canada stood out, with export worth rising 20% to A$188m and measurement up 13%.

Singapore, Thailand, Malaysia, Japan, South Korea and Taiwan besides recorded worth growth, with Singapore becoming Australia's largest Asian marketplace extracurricular mainland China.

"Australia vino export volumes slump to 22-year low" was primitively created and published by Just Drinks, a GlobalData owned brand.