Exports of Australian wine reached AU$2.39 billion in the 12 months to September 2024 as gains made by the re-entry into Mainland China offset declines in the US market. Australian wine exports increased by 34% in value to AU$2.39bn in the 12 months ended September 2024. Volume exports were also up, though at a significantly lower rate, climbing 7% to 643 million litres, according to Wine Australia’s Export Report released today. These are the highest levels of shipments by both volume and value since the 12 months ended August 2021, and the growth was driven by the re-entry of Australian wine exports to Mainland China following the removal of import duties on Australian bottled wine in late March 2024. Premium wines making their way back into Mainland China are responsible for a significant part of the value increase. Peter Bailey, Wine Australia manager for market insights, explained: “While the export figures to mainland China are very positive, the impact on total export value is much larger than volume due to the premium price point of most wine entering the market.” The value of Australian wine shipments to China rose by AU$604m to AU$612m over the 12-month period. Volume shipments increased by 58 million litres to 59 million litres. A total of 927 businesses exported Australian wine to Mainland China during the same 12 months. The top 10 exporters by value were responsible for the vast majority of shipments, contributing 68% of the total valie and 38% of total volume. Bailey
This Article was originally published on The Drink Business - Wine
