Whilst the Australian wine industry has grown, producing 1.3 billion litres in 2022, with more than 2,000 wineries employing 164,000 people and contributing AU$40 billion annually to the economy*, it has also simultaneously seen exports decrease by 10%, to AU$1.86 billion in the year to...
The recent announcement by the Prime Minister of China that it will expedite a review of the 220% wine tariff on Australian wine, as well as the Australian government's suspension of its action in the World Trade Organization has seen optimism increase around the removal...
The past 12 months have seen New Zealand wine exports experience their largest ever one-year growth, representing a 23% increase in value to NZ$2.4 billion with US sales worth NZ$870 million in the past year. Despite producing less than 2% of the world’s wine, New Zealand...
The first six months of 2023 has seen Australian wine exports into Hong Kong increase by 34.9%, reaching HK$799.19 million in value and over 20% market share in Hong Kong’s imported wine market, in comparison to the same time last year. This market growth is significant...
With the recent removal of tariffs on Australian hay and barley, hopes are growing for an easing of wine tariffs, which have been in place since 2021. With an upcoming trip to China scheduled for Australia’s Prime Minister Anthony Albanese and recent business dialogue between the...
Australian Food & Wine Collaborators has received a $600,000 Agricultural Trade and Market Access Cooperation (ATMAC) grant to promote Australian food and wine overseas. This collaborative group consists of rural research and development corporations and five agricultural peak bodies: Dairy Australia, Meat & Livestock Australia, Wine...
Wine Victoria has announced a plan to implement a $2.2 million USA Market Development Strategy that aims to increase the sales of premium Victorian wine across the United States of America. This plan will deliver several programs over the coming years that amplify the presence of...
With the recent announcement that China has officially ended tariffs on Australian barley, the Australian Government has confirmed they will aim to replicate the effort on remaining sanctions against wine. Agriculture Minister Murray Watt hailed the end of Chinese tariffs on Australian barley and said the...
According to Wine Australia’s latest Export Report, the 12-month period to June 2023 has seen Australian wine exports decline by 10 per cent in value to $1.87 billion and 1 per cent in volume to 621 million litres, with the drop largely driven by decreased...
Australia's new free trade agreement with India has seen Australian wine exporters gain preferential access to India's wine market, enabling them to diversify into the country's export market. This agreement has seen tariffs reduce from 150% to 70% on bottles arriving in market at US$15 per...