Australia has around 4 per cent of world wine production and is the world's fifth largest wine exporter. It is made up of 65 wine regions, approximately 2500 wineries and over 6000 grapegrowers. The Australian wine sector contributes over $40 billion annually to the Australian economy.
Australian wine regions are recognized as some of the best in the world, and grape growing in vineyards plays a significant role in the country's agriculture industry. Treasury Wine Estates is Australia's largest wine producer, followed by Accolade Wines, Casella Family Brands, and Pernod Ricard Winemakers.
Revenue in the Wine market amounts to US$11,730.00m in 2023. The market is expected to grow annually by 5.02% (CAGR 2023-2027).
The wine market size was estimated at USD 417.85 billion in 2020 and is expected to reach USD 434.99 billion in 2021. What is the wine market growth? b. The wine market is expected to grow at a compound annual growth rate of 6.4% from 2021 to 2028 to reach USD 685.99 billion by 2028.
On the domestic market, Australian wine is estimated to account for 441 million litres, making up 82% of the total sales on the domestic market in 2021-22.
We answer all that and more in our comprehensive overview of the Australian wine industry in 2022. According to IBISWorld, the Australian wine industry is worth $6.9 billion, taking in $409.8 million in profits as of the final quarter of 2021. This represents a 5.9% profit margin for producers and wineries.
The Australian wine industry stands tall as one of the most prominent in the world, exporting a staggering 800 million litres out of a total of 1.2-1.3 billion litres annually exported there. It's a critical player in the Australian economy, contributing significantly to production, employment, exports, and tourism.
The three major wine regions in Australia by sheer volume are South Australia, New South Wales, and Victoria. South Australia and New South Wales are known for their warmer climate varieties such as Shiraz and Cabernet Sauvignon, whereas Victoria is known for cool climate-loving Pinot Noir.
In 2021, wine exports from Australia to the United States amounted to over 454 million Australian dollars, making it the leading export destination for Australian wine.
Known as the wine capital of Australia, Adelaide is surrounded by some of the best wine regions in the country, many of which are just a short drive from the city.
Bright, bold and full of personality, Shiraz is Australia's most popular variety. It grows in almost every wine region of Australia, accounts for one-quarter of total wine production and is our most exported wine.
Consistent with the sales data, Sauvignon Blanc was found to be the most popular white variety for Australian regular wine drinkers, with Chardonnay ranked the second favourite.
Italy. Since 2014, Italy is the number one wine producer worldwide, which means that it is the country that produces most wine in the world.
Portugal. Portugal has the highest rate of wine consumption by country in the world. Portuguese people drank an incredible 51.9 liters of wine per person in 2020. This equates to roughly a liter per person, per week.
Beijing was furious, denouncing “political games” meant to assign blame for the pandemic. In response, China unleashed its overwhelming economic might. It imposed a punitive tariff on Australian wine, and the country's biggest overseas market vanished almost immediately.
Barossa Valley
South Australia is home to some of the oldest continuously producing vineyards in the world, so it's no surprise that its regions are regarded as some of the country's best. In the Barossa Valley, you'll find the region's claim to fame is their big, bold shiraz that's exceptionally smooth.
Australia dominates Decanter World Wine Awards as producers celebrate 'golden period' of local winemaking. Australian wines have been labelled "the best in the world" after dominating a prestigious international wine awards.
The largest wineries are the Casella winery in Yenda, NSW (YellowTail wines) and the Berri Estates winery in Glossop, SA.
Cool-climate regions such as Burgundy, Bordeaux, Champagne – produce light-bodied wines of high acidity but low alcohol content. Australia wine has a slightly warmer climate and makes more graceful full-bodied wines with a high degree of acidity and alcohol.
Italy, France, and Spain were the top three producers of wine worldwide as of 2022. That year, France produced about 45.6 million hectoliters of wine.
"The last three years have been particularly tough for growers. On top of that, we are generally growing less tonnes because we're trying to grow higher quality fruit and make higher quality wine. If you succeed in that, the price of your wine is no longer $15 a bottle, it's $25 and above.
Vietnam imported 10.6 million litres of wine in 2020. Australia is the fourth largest importer of wine to Vietnam and has an 11 per cent share by value.
In December 2021, a bottle of Penfolds Grange Hermitage Bin 1 Shiraz 1951 went under the hammer at a Langton's online auction for $157,624, making it the most expensive bottle of Australian wine ever sold.