Australian Wine Industry Faces Hangover From China's High Tariffs
Australia's wine industry faces oversupply problems that will need years to resolve, experts say, pointing to tariffs and export bottlenecks.
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Australia's wine industry faces oversupply problems that will need years to resolve, experts say, pointing to tariffs and export bottlenecks.
Australia's wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19...
Australia's wine industry is dealing with an oversupply issue that experts predict will take years to rectify. This challenge is attributed to Chinese tariffs and heightened production.
According to the General Department of Customs, Ho Chi Minh City and Bac Ninh were two localities that recorded export turnover of goods exceeding USD20 billion.
Australian wine exports declined by 10% in value to AU$1.87 billion in the year to July 2023, but dropped just 1% in volume.