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MAY KEY FIGURES
SEASONALLY ADJUSTED ESTIMATES
CHANGES IN THIS ISSUE
As previously advised in the April issue, the June and July 2006 publications have been changed to a later date due to delays in the release of wine import and export data.
TOTAL WHITE AND RED/ROSÉ TABLE WINE: Trend
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 increased 1.2% on April 2006, the fourth consecutive month of increase. The trend estimate for red and rosé wine sales in glass containers of less than 2 litres decreased 0.8% on April 2006, continuing the decline that commenced in August 2005.
TABLE WINE, Glass container less than 2 litres: Trend
TABLE WINE, SOFT PACK CONTAINERS
The trend estimate for domestic sales of white table wine in soft packs has remained virtually unchanged for the past four years. The trend estimate for red and rosé wine in soft packs has fallen for the past four months.
TABLE WINE, Soft pack containers: Trend
EXPORTS OF AUSTRALIAN PRODUCED WINE
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 1989-90, 38.1 million litres of wine were exported. Exports gradually grew over the next three years to reach over 100 million litres in 1992-93. By 1998-99 exports had reached 200.9 million litres. Since then there has been rapid growth with 284.9 million litres of wine exported in 1999-2000, a 41.8% rise on 1998-99. Over the following three years there were rises of 18.7%, 23.7% and 24.0% respectively. Wine exports continued to rise in 2003-04 reaching 584.3 million litres, a 12.7% increase on 2002-03. In 2004-05 exports totalled 669.7 million litres, an increase of 14.6% on 2003-04.
Exports of Australian produced wine, Annual totals: Original
EXPORTS OF WHITE AND RED/ROSÉ TABLE WINE
In original terms, 66.9 million litres of Australian produced wine were exported in May 2006, an increase of 6.1% on April 2006 and 17.6% on May 2005. In May 2006, 23.3 million litres of Australian produced white table wine were exported, an increase of 20.4% on April 2006 and 16.1% on May 2005. Australia exported 42.3 million litres of Australian produced red and rosé table wine in May 2006, a decrease of 0.4% on April 2006, but an increase of 17.7% on May 2005.
EXPORTS OF TABLE WINE BY TYPE: Original
UNIT VALUE OF WINE EXPORTS
In original terms, 66.9 million litres of wine valued at $229.5m were exported in May 2006, an increase of 6.1% in quantity and 4.0% in value on April 2006. The average value of Australian wine exported in May 2006 was $3.43 per litre, down from $3.90 per litre in May 2005 and $3.50 per litre in April 2006.
UNIT VALUE OF WINE EXPORTS: Original
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 May, the value reported by the ABS was $229.5m, while the AWBC value was $236.3m. When the Australian exchange rate is moving significantly the alternative methods will result in diverging valuations.
WINE IMPORTS CLEARED: Original
DISPOSALS OF AUSTRALIAN PRODUCED WINE AND WINE AVAILABLE FOR CONSUMPTION IN AUSTRALIA
The original data for the March quarter 2006 shows that wine available for consumption in Australia increased 1.7% on the same quarter in 2005. Domestic sales of Australian wine increased 0.8%, and wine imports increased 19.0%. Total disposals of Australian produced wine increased by 4.3% on the same quarter in 2005 with exports increasing by 6.4%.
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