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April Key Figures
SEASONALLY ADJUSTED ESTIMATES
CHANGES IN THIS ISSUE
As advised in the previous issue, extensive changes have been made to the format and content of this publication. A longer time series and larger graphs for trend data have been introduced. New graphs have been introduced for exports by wine type, total exports by financial year and the unit value of wine exports. Table 1 has been modified to include new categories for ‘table wine’ and total ‘other wine’. The whole structure of the imports and exports tables has been changed with additional data provided.
TABLE WINE, GLASS CONTAINER LESS THAN 2 LITRES
The trend estimate for sales of white table wine in glass containers of less than 2 litres remained unchanged on March 2004, but increased 1.3% on April 2003. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres decreased 0.2% on March 2004, but increased 2.2% on April 2003.
TABLE WINE, SOFT PACK CONTAINERS
The trend estimate for domestic sales of white table wine in soft packs increased 0.7% on March 2004 and 3.9% on April 2003. The trend estimate for red and rosé wine in soft packs decreased 0.1% on March 2004 and 1.2% on April 2003.
EXPORTS OF AUSTRALIAN PRODUCED WINE
The graph below shows that there has been steady growth in original terms in the quantity of exports of Australian produced wine over the last sixteen years. In 1987-88, 39.1 million litres of wine were exported. Exports gradually grew over the next five years to reach over 100 million litres in 1992-93. By 1998-99 exports had reached 200.9 million litres. Since then there has been rapid growth with 284.9 million litres of wine exported in 1999-2000, a 41.8% rise on 1998-99. Over the following two years there were rises of 18.7% and 23.7% respectively. In 2002-03 exports totalled 518.6 million litres, an increase of 24.0% on 2001-02.
Exports of Australian produced wine, Annual totals: Original
In original terms, 48.3 million litres of Australian produced wine were exported in April 2004, a decrease of 8.9% on March 2004, but an increase of 7.3% on April 2003. In April 2004, 16.7 million litres of Australian produced white table wine were exported, a decrease of 3.1% on March 2004, but an increase of 1.2% on April 2003. Australia exported 30.9 million litres of Australian produced red and rosé table wine in April 2004, a decrease of 11.8% on March 2004, but an increase of 11.7% on April 2003.
EXPORTS OF TABLE WINE BY TYPE: Original
UNIT VALUE OF WINE EXPORTS
In original terms, 48.3 million litres of wine valued at $207.3 million were exported in April 2004, a decrease of 8.9% in quantity and 7.3% in value on March 2004. The average value of Australian wine exported in April 2004 was $4.29 per litre, down from $4.52 per litre in April 2003, but up on $4.22 per litre in March 2004.
UNIT VALUE OF WINE EXPORTS: Original
DIFFERENCES BETWEEN ABS AND AWBC WINE EXPORT FIGURES
The value of wine exports reported in this publication is derived by the ABS from customs export records and the ABS converts the value on the day of shipment, at the daily conversion rate (see paragraph 9 of the Explanatory Notes for more detail). The Australian Wine and Brandy Corporation (AWBC) also report the value of exports and the exporter makes the conversion when submitting wine for export approval. With the AWBC method, it is expected that some of the conversions will occur at hedged rates while this does not occur with the ABS method. For April the value reported by the ABS was $207.3 million while the AWBC value was $218.6 million. When the Australian exchange rate is moving significantly the alternative methods will result in diverging valuations.
WINE IMPORTS CLEARED: Original
DISPOSALS OF AUSTRALIAN PRODUCED WINE AND WINE AVAILABLE FOR CONSUMPTION IN AUSTRALIA
The original data for the March quarter 2004 shows that wine available for consumption in Australia increased 9.5% on the same quarter in 2003. Domestic sales of Australian wine increased 7.5% and wine imports increased 63.5%. Total disposals of Australian produced wine increased by 16.6% on the same quarter in 2003 with exports also increasing by 23.1%.
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