Australian Wine Exports Surge Despite U.S. DeclineFebruary 5, 2018
Australian wine exports jumped 15% to A$2.56 billion ($2b) and 8% to 90 million nine-liter cases last year, according to Wine Australia, even as U.S. shipments fell 2% to A$449 million ($357m). While overall U.S. shipments were down last year, higher-end Australian wines continued to show solid momentum stateside, with offerings priced at $14 a bottle or higher rising 8% to A$45 million ($36m). Exports to the U.K. (-2%) and Canada (-3%) also declined last year. Meanwhile, Australian wine shipments to China leapt 63% to A$848 million ($673m) and 54% to 17 million cases, boosted by a 2015 free trade agreement between the two countries. China now accounts for 33% of Australia’s exports in value terms, followed by the U.S. (18%), the U.K. (14%), Canada (7%) and Hong Kong (5%).—Dan MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Wine Australia