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Opportunities for Australian Wine in ASEAN


Opportunities for Australian Wine in ASEAN
Opportunities for Australian Wine in ASEAN
May 17, 2021 Posted by ASEAN Briefing
Written by
Lisa Prodent
Reading Time:
7 minutes
In 2020, Asia’s wine markets brought in US$1.7 billion for Australian wine producers and importers.
Australia’s wine industry is currently experiencing a loss of access to China’s US$887 million market – due to high tariffs as a result of geopolitical issues and lower profits because of COVID-19.
Vietnam is one of the most promising ASEAN countries for the Australian wine industry – the westernization of tastes combined with increased tourism and a growing middle class make the country a highly attractive market. ....

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