Australian Wine Exports Mark First Value Growth Since 2007January 23, 2015
Australian wine exports grew by 1.9% in both volume and value in 2014, despite a decline in shipments to the U.S., according to the Australian Grape and Wine Authority. Total Australian exports reached 700 million liters last year, while value climbed to A$1.82 billion ($1.46b), marking its first rise since 2007.
Still, Australian shipments to the U.S., pressured by two consecutive strong domestic harvests in the market, slipped 9% to 164 million liters, to register a value of A$423 million ($341m). Australia’s lower price segments saw the most dramatic decline in the U.S., while higher-priced wines rose again for the third consecutive year. Exports above A$10 ($8) per liter grew by 3% to 1.6 million liters, and exports between A$7.50-$10 ($6-$8) also advanced 3%, to 2.6 million liters.
Elsewhere, Australia’s wine shipments to the U.K., its largest market by volume, grew 4.5% to 249 million liters, while European exports rose 4% to 361 million liters and China-bound shipments increased 8% to 40 million liters, despite the government austerity drive in that market.
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