Is Australia cashing in on China with supply problems in Europe?
After a frost ravaged Northern Hemisphere 2017 vintage and an ongoing drought in South Africa, quality cheap fruit being exported from Australia to China looks to have stepped up a gear in 2017.
China now accounts for 33% of all of Australia's exported wine, rising by a whopping 68% in 2017. The US accounts for just under half the export sales and the UK is in third place. Australia is currently China’s number two supplier by volume, but the higher average price means it is the number one supplier by value.
The 15% increase in value of Australian global wine exports has partially been attributed to a free trade agreement made between the two countries (Australia and China) in 2015.