Wine Production in Australia - Industry Market Research Report
Description
Wine Production in Australia
Wine producers have faced mixed trading conditions over the past five years. They have benefited from growing global demand for Australian wine and premiumisation trends. In recent years, a depreciating Australian dollar and several free trade agreements with countries in the Asia-Pacific region have benefited exports. Nonetheless, slow growth in total alcohol consumption has limited domestic demand. The COVID-19 pandemic adversely affected the food-service market over the three years through 2021-22. However, the Chinese Government's decision to impose tariffs in excess of 100% has had the greatest effect on the industry. Australia exported over $1.0 billion of wine to China in 2019-20. This fell to below $25.0 million in 2021-22. Overall, revenue is expected to drop at an annualised 5.8% over the five years through 2022-23, to $6.1 billion. Weak global economic conditions are weakening demand for wine and cider in 2022-23, with industry revenue anticipated to fall 2.2%.
The industry purchases grapes and other key ingredients to process into wine, port and wine-based alcoholic beverages. These products are packaged in bottles or casks and sold to wine merchants and retail outlets. The industry also includes the production of other alcoholic beverages not categorised elsewhere, like cider.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Wine producers have faced mixed trading conditions over the past five years. They have benefited from growing global demand for Australian wine and premiumisation trends. In recent years, a depreciating Australian dollar and several free trade agreements with countries in the Asia-Pacific region have benefited exports. Nonetheless, slow growth in total alcohol consumption has limited domestic demand. The COVID-19 pandemic adversely affected the food-service market over the three years through 2021-22. However, the Chinese Government's decision to impose tariffs in excess of 100% has had the greatest effect on the industry. Australia exported over $1.0 billion of wine to China in 2019-20. This fell to below $25.0 million in 2021-22. Overall, revenue is expected to drop at an annualised 5.8% over the five years through 2022-23, to $6.1 billion. Weak global economic conditions are weakening demand for wine and cider in 2022-23, with industry revenue anticipated to fall 2.2%.
The industry purchases grapes and other key ingredients to process into wine, port and wine-based alcoholic beverages. These products are packaged in bottles or casks and sold to wine merchants and retail outlets. The industry also includes the production of other alcoholic beverages not categorised elsewhere, like cider.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
48 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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