Expeditors’ Post

🚨🍷🧐 What does the resolution of the Australia-China wine dispute mean for European wine makers? The potential resolution of the Australia-China wine dispute could have modest implications for European wine makers. Key points derived from relevant article summaries are as follows: - The Australian government expects that China will remove tariffs on Australian wine once its review concludes shortly, which could reinvigorate Australian wine exports to China [23]. This could potentially reduce market share for European wines in China as Australian wines become more competitively priced. - The latest figures show a 9.4% drop in volume and a 3% dip in value for French wine exports in 2023, with a 20% fall in value notably in the Chinese market [3]. The resolution could exacerbate this trend, as Australian wines may regain their position in the Chinese market, further impacting European wine exports, especially from France. - Despite a global reduction in wine production due to climatic adversities, with a 7% decline reported by the International Organization of Vine and Wine (OIV), China's potential lift of Australian wine tariffs could place pressure on European wine makers to find other growing markets or enhance their competitiveness in China [25]. - The EU's reform to the regulation of geographical indications for wines aims to safeguard the unique specificities of the viticultural sector [24]. While this move strengthens the protection of European wines, the potential influx of Australian wines into the Chinese market could challenge European wine makers to leverage these protections more effectively to maintain or grow their market share. - With China playing a key role in the expected mid- to high-single-digit organic earnings growth for Treasury Wine Estates and other Australian wine makers [13], European wine makers may need to monitor market responses closely and adapt their strategies in other markets or within China, such as focusing on premium and GI-protected products, to maintain competitiveness. In summary, the potential resolution of the Australia-China wine dispute poses a challenge for European wine makers, particularly in competing for market share in China. The need for strategic adjustments and leveraging geographical indications protections will be crucial for maintaining a competitive edge in the evolving global wine market. 👉 Read more here: https://lnkd.in/d4-hq48r #winery #winemaking #wineindustry #Australia #China

🔎Our expert opinion: The future of Australian Wine. ✨ The resurgence of Australian wine🦘🍷in China signifies a pivotal moment in trade relations. Despite facing setbacks, the removal of tariffs marks a promising opportunity for Australian wine brands to reclaim their market share. However, rebuilding consumer trust and relevance demands innovative strategies tailored to the evolving landscape. While challenges persist, the return of Australian wine signals broader endorsement of Australian products by Beijing, offering a beacon of hope for various industries. Read more about this journey in our latest blog post below 👇 #AustralianWine #ChinaMarketOpportunity #ChinaMarket #TradeRelations #Chinaskinny #China #wine

Xièxiè, Xheers 🍷 🥂 🍷 China dropped tariffs on Aussie drops 🍷 🥂 🍷 It's a good day for the Australian supply chain, wine industry, and customers of Aussie wines in China)! -------- If I let #AI rewrite this post, it would have been a little something like this... China has dropped tariffs on Australian wine, marking a positive development for the Australian supply chain and wine industry. This news is sure to be welcomed by many in the industry. Cheers to a fruitful partnership between Australia and China! 🍷🥂🍷 #AustraliaChinaTrade #WineIndustry #SupplyChain #InternationalTrade

Australian Wines - Aussies urged to buy local red wine amid China trade war The Chinese export market was worth $1.2 billion but now winemakers were exporting less than $10 million worth of wine a year, due to import duties of 218 per cent being put on Australian wine in August 2020. Regions with oversupply would have a reduction in their wine price but it might not be passed on to the customer due to the higher cost of living #wine #wines #aussiewine #aussiewines #winebusiness #australianwine #australianwines #china #apac #asia

Australian Wines - Australian wine will fare when back in China Australia’s wine industry was hit hard by the imposition of tariffs by the Chinese government in 2020-21 and now there are signs pointing towards those tariffs finally being lifted This does not mean that Australian wine will immediately return to the $1.2bn worth of sales in China, particularly as Australia’s absence over the last three years has seen the likes of Chile and South Africa fill the void #wine #wines #australia #australianwines #winebusiness #wineindustry #aussiewines #china #asia

Penfolds could be headed for China after March – Treasury Wine Estates Treasury Wine Estates, the maker of Penfolds wine, is preparing to re-enter the Chinese market as soon as the market reopens as expected to Australian exports. The company, which reoriented itself towards luxury and premium wine brands to make up for the loss of profits from China, told investors that it expected China to release the results of its expedited review of tariffs on Australian wine as early as March, 2024. Australia’s China wine exports tanked with the imposition of tariffs. TWE said: “TWE is prepared and well placed to commence re-establishing its Australian country of origin portfolio in China, should there be a positive outcome from the review, and would pursue several initiatives.” Planned initiatives include reallocating premium wine brands from other growth markets to China. #manufacturing #manufacturingnews #exports #Tariffs #wine @penfolds https://lnkd.in/gpMKSBc2

A quick view of update for Chinese wine market.

It will open the opportunities for Australian wine industry and wine exporters - and for Australian economy growth.

Lot of excitement about the potential comeback of Australian wine in China. However, the Chinese wine market has been undergoing a transformation that started years before the 2020 Australian wine import ban. Chinese consumers are drinking less wine, importing less wine and local production is also a fraction of what it was. The gap left by Australian wine was not filled by imports from the other big origins France, Italy, Spain and Chile. For Australian wine to regain its No 2 position (behind France), Chinese consumers are going to have to drink more wine or there will have to be a battle for market share. #wine #exports #australia #china #globaltrade Trade Data Service

China's Top 10 Wine Importers in H1 2024: Leading the Market. #ChinaWineMarket #TopImporters #WineIndustry #MarketLeaders #WineTrends #BeverageInsights #ImportData #WineLovers #IndustryAnalysis #MarketGrowth