8504.0 - Sales of Australian Wine and Brandy by Winemakers, Jul 2004
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2004
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JULY KEY FIGURES
SEASONALLY ADJUSTED ESTIMATES
ORIGINAL ESTIMATES
NOTES CHANGES IN THIS ISSUE Seasonally adjusted and trend estimates have been revised this issue as a result of an annual reanalysis. This includes changes in the method of seasonal adjustment and trend estimation. Additional information on the seasonal adjustment methods applied to Sales of Australian Wine and Brandy by Winemakers time series is available on request by contacting the ABS Time Series Analysis section on telephone (02) 6252 6345 or email timeseries@abs.gov.au.
SUMMARY COMMENTARY 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 0.3% on June 2004, but increased 4.4% on July 2003. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres decreased 0.2% on June 2004, but increased 2.8% on July 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 decreased 1.3% on June 2004, and 0.9% on July 2003. The trend estimate for red and rosé wine in soft packs decreased 0.8% on June 2004, and 4.5% on July 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 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 three years there were rises of 18.7%, 23.7% and 24.0% respectively. In 2003-04 exports totalled 578.3 million litres, an increase of 11.5% on 2002-03. Exports of Australian produced wine, Annual totals: Original EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE In original terms, 49.5 million litres of Australian produced wine were exported in July 2004, a decrease of 8.6% on June 2004, but an increase of 9.5% on July 2003. In July 2004, 19.2 million litres of Australian produced white table wine were exported, an increase of 7.6% on June 2004 and 8.7% on July 2003. Australia exported 29.6 million litres of Australian produced red and rosé table wine in July 2004, a decrease of 16.2% on June 2004, but an increase of 10.6% on July 2003. EXPORTS OF TABLE WINE BY TYPE: Original UNIT VALUE OF WINE EXPORTS In original terms, 49.5 million litres of wine valued at $208.3 million were exported in July 2004, a decrease of 8.6% in quantity and 14.0% in value on June 2004. The average value of Australian wine exported in July 2004 was $4.21 per litre, down from $4.49 per litre in July 2003 and also down when compared to $4.47 per litre in June 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 July the value reported by the ABS was $208.3 million while the AWBC value was $225.7 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 June quarter 2004 shows that wine available for consumption in Australia increased 2.6% on the same quarter in 2003. Domestic sales of Australian wine increased 1.8% and wine imports increased 34.6%. Total disposals of Australian produced wine increased by 7.6% on the same quarter in 2003 with exports also increasing by 11.6%.
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