8504.0 - Sales of Australian Wine and Brandy by Winemakers, Feb 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/04/2007   
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EXPORTS OF AUSTRALIAN PRODUCED WINE


ANNUAL EXPORTS OF AUSTRALIAN PRODUCED WINE

The graph below shows that there has been steady growth in the quantity of exports of Australian produced wine over the last fifteen years. In 1990-91, 54.2 million litres of wine were exported. Exports grew rapidly to over 100 million litres in 1992-93 and between 1998-99 and 1999-2000 grew 41.8% to reach 284.9 million litres. Over the next three years there were rises of 18.7%, 23.7% and 24.0% respectively. Wine exports increased 12.7% in 2003-04 to 584.3 million litres and then rose 14.6% in 2004-05 to 669.7 million litres. Wine exports continued to rise in 2005-06, reaching 722.0 million litres, a 7.8% increase on 2004-05.

Exports of Australian produced wine, Annual totals: Original
Graph: Exports of Australian produced wine, Annual Totals, Original




EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE

In original terms, 67.3 million litres of Australian produced wine were exported in February 2007, an increase of 31.1% on January 2007 and an increase of 29.2% on February 2006. In February 2007, 23.0 million litres of Australian produced white table wine were exported, an increase of 33.1% on January 2007 and 19.1% on February 2006. Australian producers exported 43.3 million litres of red and rosé table wine in February 2007, an increase of 31.1% on January 2007 and 36.6% on February 2006.

EXPORTS OF TABLE WINE BY TYPE: Original
Graph: Exports of Table wine by Type, Original




UNIT VALUE OF WINE EXPORTS

In original terms, 67.3 million litres of wine valued at $237.5m were exported in February 2007, an increase of 31.1% in quantity and 31.6% in value on January 2007. The average value of Australian wine exported in February 2007 was $3.53 per litre, down from $3.68 per litre in February 2006, but up from $3.52 per litre in January 2007.

UNIT VALUE OF WINE EXPORTS: Original
Graph: 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 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 February, the value reported by the ABS was $237.5m, while the AWBC value was $245.5m. When the Australian exchange rate is moving significantly the alternative methods will result in diverging valuations.