8504.0 - Sales of Australian Wine and Brandy by Winemakers, Feb 2006
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/04/2006
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SEASONALLY ADJUSTED ESTIMATES
ORIGINAL ESTIMATES
NOTES FORTHCOMING ISSUES
CHANGES IN THIS ISSUE This issue contains revisions to domestic sales data from July 2005 to February 2006 due to an update in the number of winemaking enterprises that are within the scope of the 'Sales of Australian Wine by Winemakers' collection. For more information, users should refer to paragraphs 2 and 3 of the Explanatory Notes.
TOTAL WHITE AND RED/ROSÉ TABLE WINE: Trend 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 decreased 1.0% on January 2006, but increased 1.6% on February 2005. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres decreased 0.8% on January 2006 and 3.1% on February 2005. TABLE WINE, Glass container less than 2 litres: Trend TABLE WINE, SOFT PACK CONTAINERS The trend estimate for domestic sales of white table wine in soft packs increased 0.9% on January 2006, but decreased 0.7% on February 2005. The trend estimate for red and rosé wine in soft packs increased 1.9% on January 2006 and 1.2% on February 2005. TABLE WINE, Soft pack containers: Trend EXPORTS OF AUSTRALIAN PRODUCED WINE ANNUAL 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 fifteen years. In 1989-90, 38.1 million litres of wine were exported. Exports gradually grew over the next three 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 three years there were rises of 18.7%, 23.7% and 24.0% respectively. Wine exports continued to rise in 2003-04 reaching 584.3 million litres, a 12.7% increase on 2002-03. In 2004-05 exports totalled 669.7 million litres, an increase of 14.6% on 2003-04. Exports of Australian produced wine, Annual totals: Original EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE In original terms, 52.3 million litres of Australian produced wine were exported in February 2006, an increase of 14.6% on January 2006 and 13.3% on February 2005. In February 2006, 19.4 million litres of Australian produced white table wine were exported, an increase of 19.3% on January 2006 and 30.6% on February 2005. Australia exported 31.8 million litres of Australian produced red and rosé table wine in February 2006, an increase of 11.9% on January 2006 and 6.0% on February 2005. EXPORTS OF TABLE WINE BY TYPE: Original UNIT VALUE OF WINE EXPORTS In original terms, 52.3 million litres of wine valued at $192.0m were exported in February 2006, an increase of 14.6% in quantity and 11.2% in value on January 2006. The average value of Australian wine exported in February 2006 was $3.67 per litre, down from $3.93 per litre in February 2005, and $3.78 per litre in January 2006. 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 $192.0m, while the AWBC value was $198.5m. 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 December quarter 2005 shows that wine available for consumption in Australia increased 2.2% on the same quarter in 2004. Domestic sales of Australian wine increased 0.5%, and wine imports increased 29.0%. Total disposals of Australian produced wine increased by 3.6% on the same quarter in 2004 with exports increasing by 6.0%.
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