Australia: Wine Market 2022

Wine Market Size in Australia

The Australian wine market soared to $X in 2021, increasing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Wine Production in Australia

In value terms, wine production reached $X in 2021 estimated in export price. Overall, production, however, saw a mild curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Wine Exports

Exports from Australia

In 2021, approx. X litres of wine were exported from Australia; with a decrease of -X% against 2020 figures. Overall, exports saw a slight descent. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X litres. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, wine exports contracted markedly to $X in 2021. In general, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X litres), the United States (X litres) and Canada (X litres) were the main destinations of wine exports from Australia, together comprising X% of total exports. These countries were followed by New Zealand, the Netherlands, Belgium, Denmark, Japan and Germany, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Canada ($X) were the largest markets for wine exported from Australia worldwide, together accounting for X% of total exports. These countries were followed by New Zealand, the Netherlands, Japan, Denmark, Belgium and Germany, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wine export price stood at $X per litre in 2021, which is down by -X% against the previous year. Overall, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per litre), while the average price for exports to Belgium ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+X%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Australia

In 2021, the amount of wine imported into Australia dropped modestly to X litres, waning by -X% against the previous year. Over the period under review, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X litres in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wine imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, New Zealand (X litres) constituted the largest wine supplier to Australia, accounting for a X% share of total imports. Moreover, wine imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X litres), threefold. Italy (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from New Zealand stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Italy (+X% per year).

In value terms, the largest wine suppliers to Australia were France ($X), New Zealand ($X) and Italy ($X), together comprising X% of total imports.

Among the main suppliers, Italy, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wine import price amounted to $X per litre, with an increase of X% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Kaynak: IndexBox Platformu