Australia and New Zealand see growth in wine exports, while South Africa reaches a record high in value despite volume decrease.
MADRID – In their recent reports the Observatorio Español del Mercado del Vino (OEMV) reported that Australia has drastically reduced the value of its wine exports in recent years… and not just due to Chinese tariffs
Australia exported 1.6% more wine in 2022, reaching 643 million liters, which is nonetheless its second smallest quantity in the last 19 years. However, it reduced its turnover by 1.6%, down to 2,096.6 million dollars, despite the severe loss suffered in 2021 as a result of tariffs imposed on Australian wines in China, a market of vital importance until then. The sales value to the U.S. and the U.K., the top markets, also continues to be far below the levels recorded at the beginning of the century.
New Zealand overcame the 2021 slump and significantly increased its wine exports again in 2022. New Zealand increased its wine exports in 2022 by 6.9% in volume and 16.2% in value, up to 298.3 million liters and 2.26 billion dollars. It overcame the stumble of 2021 and last year achieved the highest turnover in its history, exporting the second largest amount of wine so far, after the 307 million in 2020.
New Zealand has been the supplier that has most proportionally increased its wine exports since the beginning of the century among the major global sellers.
South Africa invoices more than ever in wine exports, despite still being far from the 2013 volume record.
In 2022, South Africa increased the value of its wine exports for the third consecutive year, reaching a record 11.336 billion rands (about 653 million €). However, it reduced the exported volume by 3.7%, dropping below 435 million liters, after recovering in 2021 part of what it lost in 2019 and 2020, which was substantial. The volume is still far from the 2013 record (604 million liters), when the average price was almost 50% lower than the current one.
