With the world awash with wine, grape growers are nervous about what the 2023 vintage will mean.
abc.net.au/news/australian-chardonnay-beats-shiraz-in-2022-wine-exports/101940920Chardonnay has overtaken shiraz as Australia's top export wine variety for the first time in more than 12 years.Chardonnay has overtaken shiraz as Australia's top export wine variety for the first time since 2010
Wine Australia market insights manager Peter Bailey said it had been another tough year for wine exporters. It has remained the largest market by volume but the United States is now the largest market by value.Mr Bailey said the decrease in shipments to the UK in the second half of 2022 had been greater than the increase in overall value to other markets.
"Exports to China have dropped to $12 million making it the 23rd biggest market for Australian exporters so it's now a relatively small market overall."Chardonnay is the top export variety, up 11 per cent on last year, followed by shiraz, cabernet sauvignon and pinto gris/grigio."There's very strong demand for Australian white wine — not just in the domestic market but also in the export market," Mr Bailey said.
Wine Australia market insights senior analyst Sandy Hathaway said many countries were struggling with oversupply, not just Australia.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia politics live: parliament returns for 2023 with questions outstanding over Indigenous voiceFollow the day’s news live
Read more »
Parliament back in business for first sitting day of 2023Australian Parliament returns today for its first sitting session of the year with the economy and Voice to Parliament referendum highest on the government’s agenda.
Read more »
Why this fund manager is forecasting like it’s 2023As markets eye record levels, IML’s Tim Wood is screening out over-earning as COVID-19 super profits fade. The same goes for the float everyone’s talking about: Virgin.
Read more »
Why the RBA is playing with fire with interest rates set to keep rising in 2023With the RBA set to hike interest rates for a ninth consecutive time on Tuesday, governor Philip Lowe and his colleagues must decide how deep a recession they are prepared to wear, writes business editor Ian Verrender.
Read more »
Italy v France: Six Nations 2023 – liveWill last season’s grand slam winners France open their campaign with victory in Rome, or could Italy produce a shock? Join Lee Calvert
Read more »
Viola Davis becomes Egot winner at the 2023 Grammy awardsActor is 18th person to claim grand slam of an Emmy, an Oscar, a Tony and now a Grammy
Read more »