EXPORTS OF AUSTRALIAN PRODUCED WINE


ANNUAL EXPORTS OF AUSTRALIAN PRODUCED WINE

The graph below shows a fall from last year in the quantity of exports of Australian produced wine. In 2007-08 wine exports totalled 715 million litres, a fall of 9.2% from the 787 million litres exported in 2006-07. Further, the volume of Australian made wine exported in 2007-08 was 1.0% lower than the volume in 2005-06 (722 million litres).

EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE

In original terms, 69 million litres of Australian produced table wine were exported in May 2009, an increase of 19.6% on April 2009 and an increase of 14.0% on May 2008. In May 2009, 29.1 million litres of Australian produced white table wine were exported, an increase of 24.6% from last month and an increase of 30.3% on May 2008. Australian producers exported 39.9 million litres of red and rosé table wine in May 2009, an increase of 16.1% from last month and a 4.5% increase on May 2008.

UNIT VALUE OF WINE EXPORTS

In original terms, the value of the wine exported this month (70 million litres) was $211.8m, an increase of 21.1% in value from April 2009 and a decrease of 4.6% on May 2008. The average value of Australian wine exported in May 2009 was $3.02 per litre, up from $2.98 per litre last month and down from $3.57 per litre in May 2008.

DIFFERENCES BETWEEN ABS AND AWBC WINE EXPORT FIGURES

The value of wine exports reported in this publication is derived by the Australian Bureau of Statistics (ABS) from customs export records and the ABS converts the value on the day of shipment, at the daily conversion rate (see paragraph 10 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. This does not occur with the ABS method. For May, the value reported by the ABS was $211.8m, while the AWBC value was $205.7m. When the Australian exchange rate is moving significantly the alternative methods will result in diverging valuations.