The value of Australian wine exports has continued to grow in the 12 months to September 2019, increasing by 7 per cent in value to $2.89 billion. Importantly, this period saw the average value of bottled exports reach a record $6.79 per litre and further growth in exports, particularly above $10 per litre free on board (FOB), to the United States of America.
Other positive milestones included the value of exports over $10 per litre FOB reaching the $1 billion mark for the first time, continued growth in exports to China and encouraging growth in exports to the Netherlands, United Arab Emirates, Denmark, South Korea and Belgium.
Export volumes decreased 8 per cent to 774 million litres (86 million 9-litre case equivalents); the climb in export value and the decline in volume meant the average value increased 16 per cent to $3.74 per litre, the highest level since 2009.
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