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The industry’s exports to China fell almost 96 per cent year -on-year in the last financial year to A $26 million – a country about the size of Sweden
in terms of consumption of Australian win.
The latest export data released by Wine Australia shows that after Beijing imposed tariffs of up to 218% on Australian wine at the end of 2020, the Chinese market has changed from being Australia's largest wine export destination to one of the smallest, and now exports to China are only
The average value of Australian wines sold to China also fell by 65 per cent, to an average of $09 a lit.
The average value of Australian wines sold to China also fell by 65 per cent, to an average of $09 a lit.
Australian wine sales to China hit $1 billion long before the Covid-19 outbreak, with Chinese drinkers citing Australian wine as their favourite product, with Australian wine overtaking French wine as the most popular wine in Chi.
But tariffs introduced in late 2020 have already done damage, making it nearly impossible for Australian winemakers to remain competitive in Chi.
But tariffs introduced in late 2020 have already done damage, making it nearly impossible for Australian winemakers to remain competitive in Chi.
The collapse of the Chinese market dragged down total expor.
In the year to June 30, 2022, Australian wine exports fell by 10 per cent in volume to 625 million litres and by 19 per cent in value to $08 billion, according to the latest export figures from Wine Austral.
In the year to June 30, 2022, Australian wine exports fell by 10 per cent in volume to 625 million litres and by 19 per cent in value to $08 billion, according to the latest export figures from Wine Austral.
The top five markets for Australian wine exports were: the United States, up 9% to A$436 million; the United Kingdom, down 10% to A$421 million; Canada, down 5% to A$174 million; and Hong Kong, China, down 9% to A$170 million AUD; Singapore, up 49% to AUD 169 milli.