Home > Australian wine exports reach post-GFC high of $2.56 billion

Australian wine exports reach post-GFC high of $2.56 billion

Editorial
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Australian wine exports increased by 15 per cent to $2.56 billion in the 12 months ending December 2017, according to Wine Australia’s Export Report released today.

The 15 per cent increase in the value of exports is the highest annual growth rate since 2004 and it was also a record-breaking year for volume, with exports growing by 8 per cent to 811 million litres, a calendar year high.

Wine Australia CEO, Andreas Clark, said the positives continued with the sector achieving a 7 per cent increase in average value per litre free on board (FOB*) to $3.16, the highest level since 2009.

‘Growing demand for premium Australian wine, particularly in Northeast Asia, increased the value of bottled wine exports by 17 per cent to $2.1 billion, while the average price per litre for bottled wine grew by 3 per cent to a record $5.63’, Mr Clark said.

Wine exported in bulk also experienced price increases, with total value increasing by 10 per cent to $440 million and average value per litre increasing by 6 per cent to $1.03, the highest average value since 2012.

Mr Clark said it was notable that exports of wines priced above $10 per litre grew by 29 per cent to a record $738 million.

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