8504.0 - Sales of Australian Wine and Brandy by Winemakers, May 2004
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/07/2004
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MAY KEY FIGURES
SEASONALLY ADJUSTED ESTIMATES
ORIGINAL ESTIMATES
NOTES CHANGES IN THIS ISSUE This issue contains revisions to domestic sales data from August 2003 to February 2004, for Sherry in glass containers less than 2 litres and Fortified wine in all other containers.
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 increased 1.0% on April 2004 and 4.8% on May 2003. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres increased 0.3% on April 2004, but increased 3.7% on May 2003. 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 0.6% on April 2004 and 5.2% on May 2003. The trend estimate for red and rosé wine in soft packs increased 1.6% on April 2004 and 5.1% on May 2003. TABLE WINE, Soft pack containers: Trend 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 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 EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE In original terms, 54.4 million litres of Australian produced wine were exported in May 2004, an increase of 11.3% on April 2004 and 18.5% on May 2003. In May 2004, 18.2 million litres of Australian produced white table wine were exported, an increase of 7.7% on April 2004 and 14.4% on May 2003. Australia exported 35.2 million litres of Australian produced red and rosé table wine in May 2004, an increase of 12.9% on April 2004 and 20.6% on May 2003. EXPORTS OF TABLE WINE BY TYPE: Original UNIT VALUE OF WINE EXPORTS In original terms, 54.4 million litres of wine valued at $222.5 million were exported in May 2004, an increase of 11.3% in quantity and 5.9% in value on April 2004. The average value of Australian wine exported in May 2004 was $4.09 per litre, down from $4.34 per litre in May 2003 and also down compared to $4.30 per litre in April 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 May the value reported by the ABS was $222.5 million while the AWBC value was $235.0 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 16.8% on the same quarter in 2003 with exports also increasing by 23.4%.
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