Australian wine exports falling

The Australian Wine and Brandy Corporation released the figures, which showed that value had declined 0.1% to $2.9 billion while the average price grew 5% to $3.86 per litre.

The main contributors to the downturn in volume were a 25% or 57 million litre decline in bulk wine shipments, plus a 46% or 8 million litre decline in soft pack shipments. Partially offsetting this volume decline was a 5% or 28 million litre growth in bottled wine shipments.

Significant highlights included the UK remaining the top export market by volume and value, and volumes to the US being down 37 million litres, accounting for 70% of the decline in bulk shipments.