Price for Wine; Still, in Containers Holding 2 Litres or Less in Australia - 2024
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Australia (FOB) - 2024
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Australia (CIF) - 2024
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in Australia
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in Australia
Price for Wine; Still, in Containers Holding 2 Litres or Less in Australia (FOB) - 2024
The average export price for wine; still, in containers holding 2 litres or lesses stood at $4.4 per litre in January 2024, with a decrease of -43% against the previous month. Overall, export price indicated moderate growth from January 2023 to January 2024: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for wine; still, in containers holding 2 litres or lesses decreased by -43.0% against December 2023 indices. The pace of growth appeared the most rapid in December 2023 when the average export price increased by 51% against the previous month. As a result, the export price attained the peak level of $7.8 per litre, and then shrank notably in the following month.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Hong Kong SAR ($14.6 per litre), while the average price for exports to Thailand ($2.9 per litre) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in Australia (CIF) - 2024
The average import price for wine; still, in containers holding 2 litres or lesses stood at $7.0 per litre in January 2024, growing by 2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 17% against the previous month. As a result, import price attained the peak level of $7.8 per litre. From July 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($11.1 per litre), while the price for Spain ($5.2 per litre) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (+0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Wine; Still, in Containers Holding 2 Litres or Less in Australia
For the third consecutive year, Australia recorded decline in overseas shipments of wine; still, in containers holding 2 litres or lesses, which decreased by -10% to 223M litres in 2022. In general, exports continue to indicate a abrupt slump. The smallest decline of -7.4% was in 2020. Over the period under review, the exports of hit record highs at 352M litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of wine; still, in containers holding 2 litres or lesses shrank to $1B in 2022. Over the period under review, exports faced a deep slump. The smallest decline of -4.3% was in 2020. The exports peaked at $1.6B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 251 | 250 | 259 | 219 | -4.4% |
| United Kingdom | 100 | 145 | 155 | 126 | 8.0% |
| Hong Kong SAR | 82.2 | 95.1 | 145 | 116 | 12.2% |
| Canada | 102 | 104 | 87.2 | 89.7 | -4.2% |
| Singapore | 67.9 | 54.0 | 117 | 86.7 | 8.5% |
| New Zealand | 45.2 | 55.0 | 59.2 | 53.6 | 5.8% |
| Malaysia | 24.5 | 29.7 | 25.9 | 45.2 | 22.6% |
| Thailand | 14.8 | 12.9 | 20.1 | 41.3 | 40.8% |
| Japan | 23.5 | 18.8 | 26.6 | 30.1 | 8.6% |
| South Korea | 13.7 | 16.8 | 34.4 | 29.5 | 29.1% |
| Netherlands | 25.6 | 24.8 | 27.4 | 21.5 | -5.7% |
| Sweden | 12.3 | 16.3 | 17.4 | 16.2 | 9.6% |
| China | 727 | 618 | 13.8 | 4.7 | -81.4% |
| Others | 146 | 125 | 167 | 166 | 4.4% |
| Total | 1,636 | 1,565 | 1,154 | 1,045 | -13.9% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from Australia in 2022:
- United States (69.1M litres)
- United Kingdom (33.4M litres)
- Canada (23.1M litres)
- New Zealand (16.4M litres)
- Singapore (7.4M litres)
- Japan (7.1M litres)
- Hong Kong SAR (7.1M litres)
- Netherlands (6.9M litres)
- Thailand (5.6M litres)
- Malaysia (4.1M litres)
- South Korea (4.1M litres)
- Sweden (3.9M litres)
- China (0.7M litres)
Imports of Wine; Still, in Containers Holding 2 Litres or Less in Australia
After two years of decline, purchases abroad of wine; still, in containers holding 2 litres or lesses increased by 2.8% to 52M litres in 2022. Over the period under review, imports, however, showed a perceptible curtailment. Over the period under review, imports of attained the peak figure at 60M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of wine; still, in containers holding 2 litres or lesses stood at $356M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.6%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 171 | 143 | 141 | 128 | -9.2% |
| France | 77.4 | 83.0 | 105 | 117 | 14.8% |
| Italy | 39.8 | 44.0 | 54.8 | 60.9 | 15.2% |
| Spain | 12.4 | 12.9 | 13.8 | 13.2 | 2.1% |
| United States | 5.0 | 7.0 | 7.0 | 12.2 | 34.6% |
| Argentina | 4.9 | 4.6 | 4.3 | 6.1 | 7.6% |
| Portugal | 4.3 | 3.6 | 3.6 | 4.0 | -2.4% |
| Others | 10.5 | 18.6 | 14.0 | 14.4 | 11.1% |
| Total | 325 | 317 | 344 | 356 | 3.1% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to Australia in 2022:
- New Zealand (19.7M litres)
- France (15.0M litres)
- Italy (9.1M litres)
- Spain (2.7M litres)
- United States (1.3M litres)
- Portugal (1.1M litres)
- Argentina (1.0M litres)
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