NEW ZEALAND: New Zealand targets margins of US market

By Chris Brook-Carter | 7 November 2001

New Zealand wineries are looking to target the high value US market in the next five years with sales expected to reach NZ$241 (US$m) by 2005/2006. Sales in 2000/2001 were NZ$40m. While the UK remains the most important market in terms of volumes, Institute chief executive Philip Gregan said: "The value of returns we are getting from the United States is looking to better the UK sales."

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New Zealand wineries are looking to target the high value US market in the next five years with sales expected to reach NZ$241 (US$m) by 2005/2006. Sales in 2000/2001 were NZ$40m. While the UK remains the most important market in terms of volumes, Institute chief executive Philip Gregan said: "The value of returns we are getting from the United States is looking to better the UK sales."

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