UK exports strong in wake of China tariffs
July 22nd, 2021
Australian wine exports during 2020–21 declined by 10 per cent in value to $2.56 billion, compared with the previous financial year, while export volume declined by 5% to 695 million litres (77 million 9-litre case equivalents), according to Wine Australia’s latest Export Report.
The average price per litre for wine exports declined by 5% to $3.69 free on board (FOB).
Wine Australia general manager corporate affairs and regulation Rachel Triggs said the key factors in the declines were the downturn in exports to mainland China following the imposition of tariffs and the cumulative effects of three consecutive lower vintages in 2018, 2019 and 2020 which meant there was less wine available to export.