Wine export volume in Australia has experienced fluctuations over the past decade. From a high of 1020 thousand metric tons in 2016, the volume saw a sharp decrease by 2017, followed by intermittent recovery and decline. As of 2023, the export volume stood at 834 thousand metric tons, reflecting a marginal year-on-year drop of 0.71%. The compound annual growth rate (CAGR) over the last five years was -0.61%, indicating a gradual decline in exports.
Key trends over the years:
- 2015 marked a robust growth of 9.42% after 2014's figures.
- A notable drop in 2017 by 19.82% from the previous year.
- 2020 witnessed a significant decrease of 17.58% amidst global disruptions.
- Recovery in 2021 with a 19.63% increase, followed by a slight decline in subsequent years.
- Forecast data suggest a continued, albeit slower, decline with a five-year CAGR of -0.59% up to 2028.
Future trends to watch include the impact of changing global trade policies, evolving consumer preferences, and potential shifts in production due to climate change. Monitoring these factors will be crucial for predicting future wine export volumes in Australia.
