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Mixed results for Australian exports

Published:  23 July, 2008

Australian wine exports are continuing to increase - reaching 676 million litres for the year to the end of August, according to the Australian Wine and Brandy Corporation, although the average price per litre is cotinunig to fall.

Overall, wine shipments grew 14%, with value growing 8% to reach A$2.768 billion. Shipments to the UK increased 17% by volume, up to 266 million litres, and 12% by value, just missing the A$1 billion mark, at A$967 million.

Australia's second most important market, the United States, also continued to increase its imports of Australian wine, reaching 192 million litres at A$908 million.

The average price of Australian wine exported fell (as it has in every month since the beinning of 2003) to A$4.10, down 5.3% on the previous year. Sweden was the only country to pay more for its Aussie wine (up 12% to A$3.35), with the UK figure falling 4.2% to A$3.63 and the US figure down 7.5% to A$4.74. Germany remained the cheapest major market at A$2.26 per litre.

Denmark is Australia's fastest-growing market (up 39.1%), followed by Canada (up 29.1%).