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...
According the latest Ciatti market report Australian wine exporters are cautiously optimistic of a resumption of trade with China. This renewed outlook is based on the fact that China and Australia recommenced trading timber in May, an agreement, which is worth $600 million, therefore increasing...
In 2022, Australian wine exports to Southeast Asia grew by 16 per cent in value to $305 million and 56 per cent in volume to 27 million litres. Consisting of a diverse group of markets and home to more than 686 million people, the nations of...