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Bulk wine market update

The bulk wine update provides grapegrowers and winemakers with an indication of supply and demand for commercial wine on the global market and the competitiveness of Australian wine. The report summarises global prices for bulk wine from Australia and other countries. Bulk wine prices are taken from the Ciatti Global Market reports published monthly.

The report includes:

  • Australian bulk wine prices for the latest month by variety
  • Comparisons of price for the same month over the past 3-4 years
  • Commentary and context on the main trends

Varieties include: Shiraz (Syrah), Cabernet Sauvignon, Merlot, generic red, Chardonnay, Sauvignon Blanc, Pinot Gris/Grigio and generic white.

The report is updated quarterly.

Report summary

The December 2021 bulk wine update shows that Australian bulk wine prices for red varieties have declined significantly in December compared with the previous three Decembers, while prices for white varieties have generally increased or remained at a similar level, except for Sauvignon Blanc, which is not available on the bulk market in December 2021.

The decline in prices for Australian red varieties on the global bulk wine market has been substantial in 2021, after the imposition of significant tariffs on Australian wines by the Chinese government reduced export demand, and a record harvest of over 2 million tonnes increased supply.

The prices for white varieties have held up well over the year, with all being higher in December than they were in March. White wine is in short supply on the global market, and this is not likely to be corrected by the small 2021 global vintage, meaning whites are in relatively high demand.

As a result of the big increase in Australian wine production and a slight reduction in total sales in 2020–2021, the national wine inventory increased by 24 per cent to 2.1 billion litres. Stock-to-sales ratios increased to 2.05 for reds and 1.53 for whites, above the 10-year averages of 1.58 and 1.30 respectively.

Source

Ciatti Global Market Reports – updated monthly.


This content is restricted to wine exporters and levy-payers. Some reports are available for purchase to non-levy payers/exporters.

Levy payers/exporters
Non-levy payers/exporters
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This content is restricted to wine exporters and levy-payers. Some reports are available for purchase to non-levy payers/exporters.

Levy payers/exporters
Non-levy payers/exporters
Find out more

This content is restricted to wine exporters and levy-payers. Some reports are available for purchase to non-levy payers/exporters.