International Business: Wine

You will need to log into IBISWorld to access this report. "In November 2020, the Chinese Government placed largely prohibitive tariffs on imports of Australian packaged wine. This has almost entirely wiped out Australia’s billion-dollar wine trade with China ... "

"The value of Australian table wine exports to China has fallen by 96 per cent due to five-year trade tariffs. The Calabria family is a multi-generational wine family, and is among those forced to seek new offshore markets ... "

"The Department of Agriculture, Fisheries and Forestry supports the Australian wine industry by providing advice to the Australian Government on matters related to wine. This includes advice on international market access; policy settings; and
responding to issues affecting the industry ... "

"The gross value of wine grape production is forecast to increase by 12% in 2023−24 to $961 million as production recovers from exceptionally high rainfall through 2022−23. In 2023−24, expected drier conditions are forecast to reduce the instance of mildew and allow better access to vines where waterlogging has been an issue. This will better enable active management of disease and pests and higher production ... "

"Australia has enough wine in storage to fill 859 Olympic swimming pools after exports plummeted by 33% in value over the past two years, according to a new report ... "

"The Australian wine industry is resilient, with wine grape growing, winemaking, wine exports and wine tourism contributing significantly to Australia's economy. However, wine businesses can manage risk and discover opportunities that may have a positive and immediate impact on the wine industry in Australia ..."

"The latest global wine consumption trends have just been released by alcohol data and insights firm IWSR and Wine Australia’s Market Explorer has been updated with the fresh information. Today’s Market Bulletin will summarise a few insights from this data, along with new consumer perception figures from Wine Intelligence ... "

"World wine consumption in 2022 is estimated at 232 mhl, marking a decrease of 2 mhl compared to 2021. The war in Ukraine and the associated energy crisis, together with the global supply chain disruptions, lead to a spike in costs in production and distribution. This resulted in significant increases in wine prices for the consumers. In such a context,wine consumption behaviours at country level have been quite heterogenous across geographical regions ... "