South Australia wineries are set to grow their businesses by entering and expanding into the US market through Wine Australia’s US Market Entry Program – with the State Government delivering support by subsidising 50 per cent of the cost for 15 wineries. The program will
Australia’s wine and grape businesses are focusing on driving growth in their developing markets after China’s Ministry of Commerce (Mofcom) said it will impose anti-dumping measures on some Australian wine imports for five years. According to a statement released on Friday importers bringing in wines
If you go back 12 months, it is unlikely that any of the predictions for the year ahead would have fully outlined what 2020 brought to us. With the global market now changed, and adapting or pivoting its way through the global pandemic some of
The Australian Government has invested $50 million to grow Australia’s wine exports and showcase the nation’s wine tourism offering in key markets. The program, known as the Export and Regional Wine Support Package, originally was to run for four years and conclude on 30 June 2020.
It has been a tough year for many businesses but with the $1.2bn China export market now effectively unviable for Australian wine producers, they are a group who have been dealt a particularly tough 2020. The year started with bushfires and smoke damage for so
Treasury Wine Estates (TWE) has set out a series of plans it will implement to reduce the impact of the tariffs on Australian wine announced by the Chinese Ministry of Commerce last week. TWE is facing a 169.3 per cent tariff on its wine in
On Sunday 15 November 2020, Ministers from 15 countries signed the Regional Comprehensive Economic Partnership (RCEP), including Australia and members of the Association of Southeast Asian Nations (ASEAN). This week’s Market Bulletin will examine a group of emerging wine markets within the Southeast Asian region.
Australian wine exports have defied the COVID-19 pandemic by continuing steady growth in all top-five markets and increasing in overall value by four per cent to $2.998bn. Wine Australia’s Export Report shows that in the 12 months ended September 2020 the average value of Australian
Wine sales direct to consumers grew by 7 per cent in value in 2019–20, outperforming other sales channels, according to the results of Wine Australia’s Wine Direct-to-Consumer survey report 2020, released today. Overall, wine sales via all channels declined by 3 per cent during the same
In a reversal of recent trends, in 2019–20 Europe became the growth centre for Australian wine exports. The destination market behind this growth is Australian wine’s number one export market by volume – the United Kingdom (UK). Year-on-year export value change by destination region, year
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