Posted: Jul 23, 2019
Australian wine exports to China rose to a new high as the world’s second-largest economy developed its palate for premium labels.
The value of exports to Australia’s biggest customer increased 7% to A$1.2 billion ($845 million) in the 12 months to June 30, Wine Australia said Monday. That’s despite overall volumes to China falling 16% as demand for cheaper varieties declined -- a trend that was echoed globally.
Australian labels grew in popularity on U.S. wine lists, with export values rising 2% to A$432 million -- after the second-biggest market shrank in the prior year. Meanwhile, the value of exports to the U.K. dropped 3% to A$373 million.
The total value of Australian wine exports grew by 4% to A$2.86 billion, some way off last year’s 20% surge. Overall export volumes fell 6%, driven by falling shipments of wine costing on average less than A$2.50 per liter. Wine fetching between A$100 and A$200 a liter delivered the fastest growth of 102%, while last year’s main driver -- the A$50-A$100 price bracket -- declined 17%.
By Sybilla Gross
July 21, 2019
Source: Bloomberg.com
Go-Wine's mission is to organize food and beverage information and make it universally accessible and beneficial. These are the benefits of sharing your article in Go-Wine.com
The Wine Thief Bistro & Specialty Wines is a locally owned small business in downtown Frankfort, IL offering world class wines in a relaxed, casual gathering spot for friends and family. Offering world class virtual tastings and touchless carryout.
https://www.twtwineclub.com/aboutusGo-Wine 25 Great Wineries in US selection prioritizes quality, value and availability.
www.go-wine.com/great-wineries-in-americaTasting wine is a nice experience, but visiting the places in which wine is made is a magic moment. Available in New York City for touchless pickup.