Australian Wine’s Value Equation Improves In Year Through SeptemberNovember 8, 2013
Australian bottled wine exports posted their highest average value in five years over the 12 months through September, according to the Wine Australia trade group. Bottled shipments’ average value was up 3% to A$4.54 ($4.29) per liter during the period, driven by solid growth at premium levels in China, Hong Kong and the U.S.
“Bottled wine exports to the U.S. grew 16% in the above A$7.50 ($7.09) per liter segment, which is encouraging and supports our recent wine trade research that shows that the U.S. is ready for the quality, regionality and diversity of our wines at higher price points,” said Wine Australia’s acting CEO Andreas Clark.
Overall, Australian wine exports were down 3% to 684 million liters valued at A$1.78 billion ($1.68b) over the past year. Taking into account both bottled and bulk wines, value per liter rose 0.4% to A$2.61 ($2.47).