Aussie wine exports to UK surge to highest level in decade, but China tariffs hit hard
Australia’s bitter trade stoush with China has taken its toll on wine exports, with increased shipments to multiple markets including the UK failing to offset the decline.
According to industry group Wine Australia, exports slumped by 10 per cent in value to $2.56bn during 2020–21, while export volume declined by 5 per cent to 695 million litres.
Wine Australia’s Rachel Triggs said the key factors for the falls were the downturn in exports to mainland China following the imposition of punitive tariffs and the cumulative effects of three consecutive lower vintages in 2018, 2019 and 2020, which meant there was less wine available to export.
- ‘YOU ARE GOING’VIDEO: Coates orders Premier to attend opening ceremonyHAYDEN JOHNSON
But exports to the UK were at their highest level in a decade, Ms Triggs said, with the value leaping by 23 per cent to $472m, bested only by China, where $606m worth of exports was down a whopping 45 per cent.
JOIN OUR FREE NEWSLETTER
Remain an expert and save time ? Take few seconds to complete the registration form. Click here !