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Australian wine exports to the United States show significant progress

August 11, 2022

After a strong performance in the 12 months to June, the United States is again Australia’s top wine export market by value. Australian exports to the United States rose 9% in value to A$437 million ($309 million) and 10% in volume to 139 million liters (15.4 million cases), according to Wine Australia .

The boom in the US market has been a boon for Australian exporters, as the country’s wines have faced tough conditions in some other export markets, primarily China. Overall, Australian wine exports fell 19% in value to $2.1 billion ($1.47 billion) and 10% in volume to 625 million liters (69.4 million cases). ). Wine Australia attributes the tough conditions to high tariffs in China, noting that, excluding China, the global value of Australian exports rose 5% to A$2.06 billion ($1.46 billion).

According to Wine Australia, exports to the United States are moving towards more premium wines, with exports at $10 or more per liter rising 57% to 61 million Australian dollars ($43 million). In 2022, wines priced at $10 or more per liter accounted for 14% of exports to the United States, more than double their share from 10 years ago.

As exports increase, more Australian exporters are entering the market. Currently, 306 exporters are shipping to the United States, which is 100 more than in 2021. Additionally, these new exporters are increasingly shipping higher priced wines, with an average price per liter for new exports – 6 A$.85 ($4.85) – more than double the average price for incumbents.—Shane English

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Tagged: Wine Australia

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