8504.0 - Sales of Australian Wine and Brandy by Winemakers, Oct 2004
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/12/2004
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OCTOBER KEY FIGURES
SEASONALLY ADJUSTED ESTIMATES
ORIGINAL ESTIMATES
NOTES CHANGES IN THIS ISSUE There are no changes in this issue.
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 0.5% on September 2004, and 7.6% on October 2003. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres increased 0.4% on September 2004, and 4.9% on October 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 0.5% on September 2004, and 2.0% on October 2003. The trend estimate for red and rosé wine in soft packs increased 1.0% on September 2004, and 2.1% on October 2003. 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, 62.6 million litres of Australian produced wine were exported in October 2004, an increase of 2.3% on September 2004, and 28.4% on October 2003. In October 2004, 22.7 million litres of Australian produced white table wine were exported, an increase of 1.6% on September 2004 and 24.3% on October 2003. Australia exported 37.6 million litres of Australian produced red and rosé table wine in October 2004, an increase of 1.2% on September 2004 and 30.7% on October 2003. EXPORTS OF TABLE WINE BY TYPE: Original UNIT VALUE OF WINE EXPORTS In original terms, 62.6 million litres of wine valued at $268.2m were exported in October 2004, an increase of 2.3% in quantity and 1.3% in value on September 2004. The average value of Australian wine exported in October 2004 was $4.28 per litre, down from $4.44 per litre in October 2003, and also a decrease when compared to $4.33 per litre in September 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 October, the value reported by the ABS was $268.2m, while the AWBC value was $279.5m. 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 September quarter 2004 shows that wine available for consumption in Australia increased 2.7% on the same quarter in 2003. Domestic sales of Australian wine increased 2.6% and wine imports increased 5.2%. Total disposals of Australian produced wine increased by 11.3% on the same quarter in 2003 with exports also increasing by 17.7%.
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