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Thursday 3 February 2022

Global challenges impact Australian wine exports

Australian wine exports decreased significantly by 30% in value to $2.03 billion and 17% in volume to 619 million litres in the year ended December 2021, Wine Australia’s latest Export Report shows.

The export figures are reflective of the unprecedentedly tough market conditions over the past 12 months as a result of deposit tariffs imposed on bottled Australian wine imported to mainland China, the continuing impact of the global freight crisis, and a counter-swing in some markets after Covid-19 related stockpiling in 2020.

The biggest driver of the decline in Australian wine exports in the 12 months to the end of December 2021 was the reduction in exports to mainland China. 

Exports to mainland China declined by 97% to $29 million and by 93% in volume to 6.4 million litres, a loss of nearly $1 billion in value when compared to the 2020 calendar year where shipments were free from tariffs for most of the year.

Wine Australia general manager for corporate affairs and regulation Rachel Triggs said the Australian wine export community was managing its way through exceptionally challenging times, which is evident in the Export Report.

“The 2021 calendar year represents the first full 12-month period since very high deposit tariffs on Australian wine imported to China were imposed, and the global impact of the challenging operating environment can now be observed in full," Triggs said. 

"Because the export figures are compared to the prior 12-months, we’ll keep seeing significant differences in the year-to-date export figures as a result of the deposit tariffs until the end of 2022. 

“Exports excluding mainland China increased by 7% in value to $2 billion and decreased by 6% in volume to 613 million litres. This is the first time that exports excluding mainland China have reached $2 billion for a calendar year since 2009.” 

The markets with the largest increase in value of Australian wine exports were Singapore (up 108% to $166 million), Hong Kong (up 45% to $191 million), South Korea (up 74% to $47 million), Taiwan (up 65% to $31 million) and Thailand (up 31% to $28 million).

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