8504.0 - Sales of Australian Wine and Brandy by Winemakers, Jan 2005
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2005
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JANUARY KEY FIGURES
SEASONALLY ADJUSTED ESTIMATES
ORIGINAL ESTIMATES
NOTES CHANGES IN THIS ISSUE This issue contains revisions to domestic sales data from July 2004 to January 2005 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 0.7% on December 2004, but increased 2.4% on January 2004. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres increased 0.6% on December 2004, and 9.2% on January 2004. 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 remained unchanged on December 2004, but decreased 3.1% on January 2004. The trend estimate for red and rosé wine in soft packs increased 0.1% on December 2004, and 1.1% on January 2004. 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 sixteen years. In 1988-89, 39.0 million litres of wine were exported. Exports gradually grew over the next four 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. In 2003-04 exports totalled 584.3 million litres, an increase of 12.7% on 2002-03. Exports of Australian produced wine, Annual totals: Original EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE In original terms, 43.8 million litres of Australian produced wine were exported in January 2005, a decrease of 18.7% on December 2004, but an increase of 14.0% on January 2004. In January 2005, 14.9 million litres of Australian produced white table wine were exported, a decrease of 9.1% on December 2004, but an increase of 19.7% on January 2004. Australia exported 28.3 million litres of Australian produced red and rosé table wine in January 2005, a decrease of 21.1% on December 2004, but an increase of 12.0% on January 2004. EXPORTS OF TABLE WINE BY TYPE: Original UNIT VALUE OF WINE EXPORTS In original terms, 43.8 million litres of wine valued at $173.5m were exported in January 2005, a decrease of 18.7% in quantity and 23.6% in value on December 2004. The average value of Australian wine exported in January 2005 was $3.96 per litre, down from $4.12 per litre in January 2004, and also a decrease when compared to $4.21 per litre in December 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 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 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. This does not occur with the ABS method. For January, the value reported by the ABS was $173.5m, while the AWBC value was $180.9m. 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 2004 shows that wine available for consumption in Australia increased 4.7% on the same quarter in 2003. Domestic sales of Australian wine increased 2.8% and wine imports increased 49.9%. Total disposals of Australian produced wine increased by 15.3% on the same quarter in 2003 with exports increasing by 26.7%.
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