CANBERRA: The value of Australian wine exports rose 8 per cent to $1.96 billion in the 12 months to September 30 this year, according to a new report. This is the strongest rate of growth since export value peaked in October 2007.
The Export Report September 2015 released by Wine Australia shows the rate of value growth is currently outpacing volume which increased 5 per cent to 734 million litres. “These export results are unambiguously good news for our grape and wine community,” said Wine Australia’s Chief Executive Officer Andreas Clark.
“Clearly it’s still early days and the improvement we’ve seen in exports in the last 12 months hasn’t yet flowed through to the grape growing community at large but there are pockets of growers who reported improved prices in vintage 2015 and we hope to see this trend continue next vintage.”
In the last 12 months, the average value of exports above $7.50/litre rose 7 per cent to a record $15.45/litre. This pattern of growth was seen across many of the premium price segments.
Exports of Australia’s highest-priced wines (above $50/litre) rose 54 per cent to a record $133 million. While the segment accounts for only 0.2 per cent of total exports, it’s worth 7 per cent of total value.
