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SEASONALLY ADJUSTED ESTIMATES
CHANGES IN THIS ISSUE
There are no changes in this issue.
TABLE WINE, GLASS CONTAINER LESS THAN 2 LITRES
The trend estimate for sales of white table wine in glass containers of less than 2 litres decreased 1.1% on December 2006. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres increased 1.3% in January 2007, the tenth consecutive month of increase.
TABLE WINE, SOFT PACK CONTAINERS
The trend estimate for domestic sales of white table wine in soft packs decreased 1.2% on December 2006. The trend estimate for red and rosé wine sales in soft packs remained unchanged for January 2007, after four consecutive month of increase.
ANNUAL EXPORTS OF AUSTRALIAN PRODUCED WINE
The graph below shows that there has been steady growth in the quantity of exports of Australian produced wine over the last fifteen years. In 1990-91, 54.2 million litres of wine were exported. Exports grew rapidly to over 100 million litres in 1992-93 and between 1998-99 and 1999-2000 grew 41.8% to reach 284.9 million litres. Over the next three years there were rises of 18.7%, 23.7% and 24.0% respectively. Wine exports increased 12.7% in 2003-04 to 584.3 million litres and then rose 14.6% in 2004-05 to 669.7 million litres. Wine exports continued to rise in 2005-06, reaching 722.0 million litres, a 7.8% increase on 2004-05.
EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE
In original terms, 52.0 million litres of Australian produced wine were exported in January 2007, a decrease of 26.3% on December 2006, but an increase of 14.0% on January 2006. In January 2007, 17.6 million litres of Australian produced white table wine were exported, a decrease of 21.1% on December 2006, but an increase of 8.3% on January 2006. Australian producers exported 33.3 million litres of red and rosé table wine in January 2007, a decrease of 29.1% on December 2006, but an increase of 17.4% on January 2006.
UNIT VALUE OF WINE EXPORTS
In original terms, 52.0 million litres of wine valued at $181.9m were exported in January 2007, a decrease of 26.3% in quantity and 28.8% in value on December 2006. The average value of Australian wine exported in January 2007 was $3.50 per litre, down from $3.78 per litre in January 2006 and $3.62 per litre in December 2006.
DIFFERENCES BETWEEN ABS AND AWBC WINE EXPORT FIGURES
The value of wine exports reported in this publication is derived by the Australian Bureau of Statistics (ABS) from customs export records and the ABS converts the value on the day of shipment, at the daily conversion rate (see paragraph 10 of the Explanatory Notes for more detail). The Australian Wine and Brandy Corporation (AWBC) also report the value of exports and the exporter makes the conversion when submitting wine for export approval. With the AWBC method, it is expected that some of the conversions will occur at hedged rates. This does not occur with the ABS method. For January, the value reported by the ABS was $181.9m, while the AWBC value was $207.4m. When the Australian exchange rate is moving significantly the alternative methods will result in diverging valuations.
DISPOSALS OF AUSTRALIAN PRODUCED WINE AND WINE AVAILABLE FOR CONSUMPTION IN AUSTRALIA
The original data for the December quarter 2006 shows that wine available for consumption in Australia increased 0.6% on the same quarter in 2005. Domestic sales of Australian wine decreased 0.6%, and wine imports increased 14.2%. Total disposals of Australian produced wine increased by 7.5% on the same quarter in 2005 with exports increasing by 13.2%.
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