Australia and Oceania: Sparkling Wine Market 2024

Sparkling Wine Market Size in Australia and Oceania

The sparkling wine market in Australia and Oceania shrank remarkably to $X in 2022, declining by -15.1% against the previous year. Over the period under review, consumption continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sparkling Wine Production in Australia and Oceania

In value terms, sparkling wine production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 47% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sparkling Wine Exports

Exports in Australia and Oceania

In 2022, overseas shipments of sparkling wine increased by 13% to X litres, rising for the second year in a row after eight years of decline. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 28%. The volume of export peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sparkling wine exports totaled $X in 2022. Overall, exports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 when exports increased by 34%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the key exporting country with an export of about X litres, which accounted for 84% of total exports. It was distantly followed by New Zealand (X litres), constituting a 15% share of total exports.

Exports from Australia decreased at an average annual rate of -8.0% from 2012 to 2022. New Zealand (-5.0%) illustrated a downward trend over the same period. New Zealand (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -4% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest sparkling wine supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -1.7%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per litre in 2022, shrinking by -1.8% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 66% against the previous year. The level of export peaked at $X per litre in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per litre), while Australia amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.0%).

Sparkling Wine Imports

Imports in Australia and Oceania

In 2022, sparkling wine imports in Australia and Oceania contracted modestly to X litres, stabilizing at 2021 figures. Over the period under review, imports saw a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X litres in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sparkling wine imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Australia (X litres) represented the main importer of sparkling wine, generating 73% of total imports. It was distantly followed by New Zealand (X litres), mixing up a 21% share of total imports. New Caledonia (X litres) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sparkling wine imports into Australia stood at -2.2%. At the same time, New Caledonia (+2.8%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +2.8% from 2012-2022. By contrast, New Zealand (-1.2%) illustrated a downward trend over the same period. Australia (-2.8 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sparkling wine in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports.

In Australia, sparkling wine imports expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+5.3% per year) and New Caledonia (+2.4% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per litre, which is down by -3.7% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 32%. Over the period under review, import prices reached the peak figure at $X per litre in 2021, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per litre), while New Zealand ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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