Australia and Oceania: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Australia and Oceania

The grape wine spirits market in Australia and Oceania fell to $X in 2022, dropping by -10.4% against the previous year. Over the period under review, consumption continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Grape Wine Spirits Production in Australia and Oceania

In value terms, grape wine spirits production reduced to $X in 2022 estimated in export price. In general, production recorded a slight slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Grape Wine Spirits Exports

Exports in Australia and Oceania

In 2022, approx. X litres of spirits obtained from distilled grape wine or grape marc were exported in Australia and Oceania; waning by -7.3% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 34%. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, grape wine spirits exports contracted to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 87% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X litres), together amounting to 100% of total export.

Australia experienced a relatively flat trend pattern with regard to volume of exports of spirits obtained from distilled grape wine or grape marc. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grape wine spirits supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per litre, remaining constant against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 64% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +0.7% per year.

Grape Wine Spirits Imports

Imports in Australia and Oceania

In 2022, the amount of spirits obtained from distilled grape wine or grape marc imported in Australia and Oceania fell to X litres, which is down by -5.7% compared with the previous year. Over the period under review, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. The volume of import peaked at X litres in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports expanded remarkably to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the major importing country with an import of about X litres, which resulted at 81% of total imports. It was distantly followed by New Zealand (X litres), making up a 15% share of total imports. Micronesia (X litres) held a minor share of total imports.

Imports into Australia decreased at an average annual rate of -2.7% from 2012 to 2022. At the same time, Micronesia (+76.3%) displayed positive paces of growth. Moreover, Micronesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +76.3% from 2012-2022. By contrast, New Zealand (-3.2%) illustrated a downward trend over the same period. While the share of Micronesia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported spirits obtained from distilled grape wine or grape marc in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+3.7% per year) and Micronesia (+38.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per litre, picking up by 11% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape wine spirits import price increased by +13.7% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per litre. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per litre), while Micronesia (less than $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 (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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