Crushed: $300 million SA wine export shortfall - InDaily
South Australia’s wine exports have fallen by $300 million since the 2020-21 financial year – but still managed to hit a value of $1.431 billion in the 12 months to June 30. Image: Tom Aldahn/InDaily While the 21 percent drop in value was a major blow to one of the state’s largest export industries, the 21-22 financial year figure was up $33 million in the 12 months to March this year and $55 million in calendar year 2021. Eight of the top 10 export destinations by value also increased, with only Canada and Hong Kong recording declines. By volume, South Australia’s wine exports fell nine percent to 371 million liters, mainly driven by a decline in exports to China of 30 million liters compared to the previous year. Red wine accounts for more than 80 percent of SA’s wine exports by value and more than 70 percent by volume. South Australia typically produces about half of Australia’s annual production and accounts for