Australian wine exports have grown 1.9% by value and volume to 700 million litres and $1.82 billion in 2014, with premium wines leading the charge.
Australian wine exports have grown 1.9% by value and volume to 700 million litres and $1.82 billion in 2014, with premium wines leading the charge.
Australian wine exports have bounced back
This represents the first time exports have risen in value since the start of the global recession in 2007. Average value has held steady at $2.60 per litre.
That's according to latest Wine Export Approval Report December 2014, released by the Australian Grape and Wine Authority today.
In the last 12 months, 1,329 importers took shipments of Australian wine to 121 countries - two thirds of whom managed to grow volumes, unlike the preceding year. put volume increases down to the depreciating Australian dollar but said 2013's huge Spanish harvest forced bulk wine prices down - they declined by 2% to $0.99 per litre. But bulk volumes grew 8% to 402 million litres.
Bottled wine exports grew 7% by value to their highest level in a decade, driven mainly by demand for wines over $7.50 per litre in North America, Europe, and much of Asia and a decline in bottled exports under $5 per litre with more wine shipped in bulk containers to be bottled in-market.
AGWA's acting chief executive Andreas Clark said: "It's encouraging to see the value of Australian wine exports in positive growth for the first time since 2007 and increasing demand for our premium wines was a major contributing factor to that growth.
"We've seen rises in wine exports in all premium price segments: the $7.50-$9.99 price segment increased by 5% to 15 million litres and by 15% in the $10 and above segment to 17 million litres.
"The ultra-premium above $50 segment grew 55%, hitting a record $107 million. While the segment only accounts for 0.8% of the total volume, it contributes 8% of the total value of bottled exports."
UK and Europe markets
United States
Asia
The Australia Day Tasting takes place in London's Hall on January 27, 2015. It will showcase more than 1,000 wines and offer a fresh take on food and wine pairings, say event organisers.