Australia and Oceania: Wine Market 2024

Wine Market Size in Australia and Oceania

The wine market in Australia and Oceania shrank slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wine Production in Australia and Oceania

In value terms, wine production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Wine Exports

Exports in Australia and Oceania

In 2022, wine exports in Australia and Oceania rose to X litres, surging by X% compared with the previous year. Overall, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports contracted modestly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Australia (X litres) represented the largest exporter of wine and grape must, comprising X% of total exports. It was distantly followed by New Zealand (X litres), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wine exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2022.

New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per litre in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per litre in 2021, and then dropped in the following year.

There were significant differences in the average prices 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 (X%).

Wine Imports

Imports in Australia and Oceania

In 2022, the amount of wine and grape must imported in Australia and Oceania expanded remarkably to X litres, surging by X% compared with 2021 figures. Overall, imports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wine imports rose to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Australia represented the key importing country with an import of about X litres, which resulted at X% of total imports. It was distantly followed by New Zealand (X litres), generating a X% share of total imports. New Caledonia (X litres) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wine imports into Australia stood at X%. New Zealand experienced a relatively flat trend pattern. New Caledonia (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

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

In Australia, wine imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per litre, falling by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per litre in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of destination: 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 Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform