Australian wine exports reach the post-GFC high of $2.56 billion

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Australian wine exports increased by 15 percent to $2.56 billion in the 12 months ending December 2017, according to Wine Australia’s Export Report released today.

The 15 percent increase in the value of exports is the highest annual growth rate since 2004 and it was also a record-breaking year for volume, with exports growing by 8 percent to 811 million litres, a calendar year high.

Wine Australia CEO, Andreas Clark, said the positives continued with the sector achieving a 7 percent increase in average value per litre free on board (FOB*) to $3.16, the highest level since 2009.

‘Growing demand for premium Australian wine, particularly in Northeast Asia, increased the value of bottled wine exports by 17 percent to $2.1 billion, while the average price per litre for bottled wine grew by 3 percent to a record $5.63’, Mr. Clark said.

Wine exported in bulk also experienced price increases, with total value increasing by 10 percent to $440 million and the average value per litre increasing by 6 percent to $1.03, the highest average value since 2012.

Mr. Clark said it was notable that exports of wines priced above $10 per litre grew by 29 percent to a record $738 million.

First Published here.

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