New wine market emerges but can't make up for China's decline
Wine exports to mainland China are scraping the bottom of the barrel, with just six million liters exported in the last financial year, worth $24.6 million. Key points: Wine exports to mainland China have fallen from 120 million liters per year to six million liters The US is now Australia’s largest export market by value Exports to countries other than China rose five percent to $2.06 billion That’s a big drop from the end of the financial year in 2020, when exports to mainland China totaled 120.7 million liters and were worth $1.1 billion over the 12-month period to June 30. That was before China imposed import tariffs of around 220 per cent on bottled Australian wine imports later that year. Overall it has been a difficult financial year for Australian wine producers with exports down 10 percent in volume to 625 million liters and down 19 percent in value to $2.08 billion in the year ended 30 June. Australian Wine market insight manager Peter Bailey said China’s results were expect