Australia: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Australia

The Australian grape wine spirits market contracted to $X in 2022, falling by -7.9% against the previous year. In general, consumption continues to indicate a noticeable descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Grape Wine Spirits Production in Australia

In value terms, grape wine spirits production declined to $X in 2022 estimated in export price. Over the period under review, production showed a slight reduction. The growth pace was the most rapid in 2016 when the production volume increased by 48%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Grape Wine Spirits Exports

Exports from Australia

In 2022, the amount of spirits obtained from distilled grape wine or grape marc exported from Australia reduced to X litres, waning by -7.4% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, grape wine spirits exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 87%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X litres) was the main destination for grape wine spirits exports from Australia, accounting for a 61% share of total exports. Moreover, grape wine spirits exports to the United States exceeded the volume sent to the second major destination, China (X litres), threefold. The third position in this ranking was held by South Africa (X litres), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+48.5% per year) and South Africa (-12.3% per year).

In value terms, the largest markets for grape wine spirits exported from Australia were the United States ($X), China ($X) and South Africa ($X), together comprising 63% of total exports. France and Spain lagged somewhat behind, together accounting for a further 1.8%.

France, with a CAGR of +99.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, approximately reflecting the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per litre. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to the United States ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+89.5%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Australia

In 2022, grape wine spirits imports into Australia declined to X litres, approximately reflecting the year before. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports expanded remarkably to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +41.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X litres) was the main grape wine spirits supplier to Australia, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from France totaled -2.0%.

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Australia.

From 2012 to 2022, the average annual growth rate of value from France totaled +2.1%.

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, rising by 12% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +13.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 35%. As a result, import price reached the peak level of $X per litre. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +4.1% per year.

Source: IndexBox Platform

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