Margaret River wine exports slows in 2020 as Chinese tariffs take effect

Margaret River wine exports slowed in the 12 months to December 2020, decreasing by 29 per cent in value to $25 million, as Chinese tariffs and political unrest in the USA took their toll on exports to those markets, according to Wine Australia’s latest Export Report released today.

Volume decreased 34 per cent to 1.9 million litres (210,000  9-litre case equivalents) from a high of 2.8 million litres in 2019.

The average price per litre increased 7 per cent to $13.16 free on board (FOB). 

The top 10 markets account for 87 per cent of Margaret River wine export value.

The most significant growth came in exports to the UK, up 37 per cent to $4.9 million and Canada, up 25 per cent to $1.9 million.

The growth in these destinations were offset by a decline to China, down 61% to $3.6 million, as well as to the USA down 46 per cent to $3.5 million, and Singapore down 36 per cent to $2.7 million.

Exports to mainland China were down, unsurprisingly, following the imposition of interim tariffs in November.

See full export reports here