William Ragonneau’s Post

South Australia benefits from wine exports to China 🍇🍷 Just two months after China lifted punitive tariffs on Australian wines, Australia has quickly regained its position as China’s second-largest wine exporter; South Australia has exported nearly $80 million worth of wine to China in the first month after the removal of duties. This impressive figure accounts for over 92% of Australia’s total wine exports to China, marking a significant recovery for the region's wine industry. Following three challenging years of trade disruptions and natural disasters, this resurgence provides much-needed relief and optimism for wineries. 🤔 Do you think Australia will soon become the top wine exporter to China again? #australia #wineries #china #export

Australian wine exports increased by 17% to AU$2.2bn in 2023-24. This is the highest since September 2021, while volume remained steady at 619 million litres, according to Wine Australia’s Export Report. The value growth was driven by an increase in exports to mainland China in the last quarter of the financial year, following the removal of duties on Australian bottled wine in March 2024.

South Australia Launches $1.85 Million Initiative to Revitalize Wine Exports to China 🍷 The Government of South Australia has launched a AU$1.85 million "China Re-Engagement Support Package" to boost the local wine industry's re-entry into the Chinese market, following the lift of up to 218% tariffs on Australian wines. This initiative aims to reclaim a significant share of the previously AU$1.2 billion annual exports to China. 🌏 Partnering with various trade and industry bodies, the program focuses on preparing South Australian wineries for the Chinese market's evolving conditions and consumer trends. It encompasses exporter capacity building, promotional efforts, technical cooperation, and the hiring of a specialised wine export consultant in Shanghai. 🛠️ A notable AU$100,000 has been allocated for capacity-building workshops, and AU$600,000 is set aside for participation in key Chinese exhibitions, aiming at a dynamic market re-engagement. Additionally, AU$250,000 will support technological and scientific exchanges to foster innovation and sustainable practices in viticulture and winemaking. 📢 With a strategic allocation of AU$500,000 for marketing premium South Australian wines in China, the initiative not only seeks to boost wine exports but also aims to enhance the global recognition of South Australia’s wine industry. This two-year plan, concluding in June 2026, marks a significant effort to strengthen the economic and cultural ties between South Australia and China through the wine trade. #SouthAustraliaWine #ChinaMarket #WineExports #TradeRevival #AustralianWines #MarketReengagement #WineIndustry #ExportGrowth

Wine Australia has released its latest Export Report, showing exports up 34 per cent by value and 7 per cent in volume for the 12 months ending September 2024, both reaching their highest levels in three years. In a statement on the report on Tuesday, Wine Australia said exports of $2.39 billion and 643 million litres were the best since August 2021. According to the release, growth was “driven by the re-entry of Australian wine exports to mainland China following the removal of import duties” on bottled wine in March this year. Exports to mainland China were up by $604 million to $612 million, and volume rose 58 million litres to 59 million litres. Exports to all other destinations were stable by value at $1.78 billion and 3 per cent lower in volume at 585 million litres. #manufacturing #australianmanufacturing #foodandbeverage #foodandbeverageindustry #wine #wineindustry #china #exports

Australian wine exports have reached a three-year high, thanks to the re-entry into its most lucrative market China, according to the latest data released by Wine Australia. But can it sustain? #news #australia #wine #china #exports #winetrade #sales #tariff #lift #australianwine #market #business #analysis

Wine Australia has reported that Australian wine exports grew by 17 per cent in value to $2.2 billion in 2023-24, the highest level since the fiscal year ended September 2021, owing to a jump in exports to Mainland China during the past three months. #fmcg #insidefmcg #business #brand #wineexport #value

Unlike the widespread declines seen in 2023, in the first half of 2024, only two provinces on the top 10 list experienced a decrease in import value, with wine imports in Anhui province in eastern China surging more than 1000% during the period. #news #china #wine #imports #top10 #wineimports #analysis #customsdata #market #business #anhui #fujian #shanghai

Australian Wines - South Australian exports bounce back South Australian Wines exports to China increased by 46 per cent in the past 12 months to $4.27 billion South Australia’s total exports were valued at $17.9 billion according to the new data, with China mainland ($4.27 billion), the United States ($2.13 billion) and India ($1.09 billion) as the state’s top three markets. Wine exports to China have reached $395 million since restrictive tariffs were removed five months ago Other key markets for the state over the 12 months were Vietnam ($629 million, up 29 per cent), the United Kingdom ($407 million, up 13 per cent), and Hong Kong ($362 million, up 27 per cent). #wine #wines #aussiewines #china #asia #apac #australianwines #southaustralia #australia

🇦🇺🍷👉📈 What are some overlooked export markets for ANZ winemakers? Based on the summaries provided, some overlooked export markets for ANZ winemakers could be: 1. The United States - Still wine exports to the United States remain steady despite a general decline in French wine exports, indicating the market's resilience and potential for growth [28]. 2. Hong Kong - Value exports to Hong Kong increased by 74% in 2023, showcasing it as a significant alternative market for Australian wine exports, especially in the context of China's tariffs on Australian wines [29]. 3. The UK - New Zealand wine sales in the UK market outperformed the industry average with a 7.7% increase in sales value and a 5.6% increase in volume in 2023 [6], and overall export value to the UK has not dipped for French wines [28]. This demonstrates the UK's potential as a stable and growing market for ANZ wines. 4. Asia-Pacific region - Nimbility's efforts in helping wine producers find import and distribution partners in the APAC region [5] underscores the opportunities available in this diverse market for ANZ wine producers looking to expand their footprint. 5. Emerging markets mentioned without specific data but referred to as needing adaptation by the French wine industry to ensure future growth [28]. While the summary does not specify which emerging markets, the indication is that there are untapped or underexploited opportunities that could also be relevant for ANZ winemakers. 👉 Read more here: https://lnkd.in/dHrYVhGG #winery #winemaking #wineindustry #performance #marketing

Great news for the Australian wine industry! According to Austrade posts in China, in the first month since China lifted tariffs on Australian wine, the Chinese wine industry has welcomed the news with open arms. In fact, some are even expecting this move to stimulate overall wine consumption in China. And over 120 exporters have already dispatched shipments to China, predominantly from South Australia. This has led to enquiries from local event organizers seeking to actively promote Australian wine. While some Chinese importers have been surprised by the rising costs in Australia, we are already seeing Chinese importers visiting Australia to source new wines and they're placing orders. However, it may take some time before Australian wine warehoused in China works its way through the system. The industry is eagerly looking forward to participating in VinExpo in Hong Kong later this month, and Austrade and Wine Australia will continue to keep the sector up-to-date with opportunities to promote Australian wine in China, as well as in other markets throughout the year. Cheers to a successful month of Australian wine re-entering the Chinese market! #AustralianWine #ChinaMarket #VinExpo Australian Trade and Investment Commission (Austrade) Wine Australia Australian Grape & Wine https://lnkd.in/gHkA7DXS https://lnkd.in/gj6G_FY7