Export boom for New Zealand
Exports of New Zealand wines have surpassed domestic sales for the first time in the industry's history, according to the 2005 Annual Report from New Zealand Wine Growers, with wine destined for foreign markets now accounting for 53% of production.
Other firsts' for the Pacific nation over the past year include total sales hitting a new high of 96 million litres (40% up on the previous record) and the 500th winery opening in the country. The past two years have also seen the country's two largest harvests ever.
Philip Gregan, chief executive of the trade body, commented: These achievements were not without challenges, as we faced a strong New Zealand dollar, rising costs and increased taxes, all of which are placing pressure on our profitability.'
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