The export of sparkling grape wines from Australia has seen a consistent decline since 2013, with a significant drop between 2014 and 2015 at 15.71%. A slight recovery in 2018 was followed by a significant fall in 2020 by 19.06%. As of 2023, the value stood at approximately $37.964 million, reflecting a year-on-year decrease of 2.53%. The five-year CAGR leading up to 2023 shows an average annual decline of 2.54%, while future forecasts indicate a continued negative trend with a forecasted five-year CAGR of -2.3%, translating to an 11% decrease by 2028.
Future trends to watch for:
- Changes in global economic conditions and consumption patterns.
- Potential expansions into new markets or shifts in current trade agreements.
- Innovations in product offerings and marketing strategies.
- Impact of environmental factors on grape production and wine quality.
