AUS: Wine export value beats volume in '07 - figures
The rise in value of Australia's wine exports outstripped volume last year, according to recent figures.
The Australian Wine & Brandy Corporation said today (8 January) that exports of wine from the country in 2007 inched up by 3% on 2006, the smallest annual rise since 1997. In value terms, however, sales rose by 6% on the year before, hitting A$3bn (US$2.64bn). The value climb signified the largest year-on-year increase since 2004.
The average price per litre of exported wine rose by 3% to A$3.83 per litre, the AWBC noted.
While the strong Australian dollar knocked exports to the US, the average price per litre of wine sent to the country was up by 7% to A$4.49 per litre. The UK continued as Australia's top export market, with volume rising by 9% on 2006 to 290m litres and value up by 6% to A$985m.
Last month, Sam Tolley, the chief executive of the AWBC, announced that he was standing down. Tolley had led the trade body for 13 years.
The new Australian Wine and Brandy Corporation (AWBC) board has been appointed, the Minister for Agriculture has announced....
Wine Australia has launched a website to challenge consumers to "show off their knowledge" of wine....
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