1、 0 Export Report 12 months to 31 December 2023 Page 1 29/01/2024 Executive summary Total value of Australian wine exports declined by 2 per cent to$1.90 billion.Total volume declined by 3 per cent to 607 million litres.While these levels of exports are still well below long-term averages,the Decembe
2、r 2023 quarter saw an increase compared to 2022.Value grew by 23 per cent and volume by 2 per cent during the period.Hong Kong showed the strongest value growth in the 12 months to December 2023,with solid growth also to Singapore and New Zealand.In addition,the United Kingdom,Thailand and Malaysia
3、showed good growth in the December quarter.Total export value in the December quarter was$600 million,the first time since 2020 that a quarter has reached that level.The volume of exports to the United Kingdom,Canada and Hong Kong grew during the 12-month period,while Denmark and Japan saw volume in
4、creases in the December quarter.Overview In the 12 months to December 2023,Australian wine exports declined by 2 per cent in value to$1.90 billion1 and 3 per cent in volume to 607 million litres.While these levels of exports are still well below long-term averages,this is an increase from the$1.8 bi
5、llion published in the September 2023 Export Report.Total export value in the December quarter was$600 million(see Figure 1),a 23 per cent increase compared to the same quarter in 2022 and the highest quarterly value since December 2020.Volume increased by 2 per cent to 162 million litres for the qu
6、arter(see Figure 2).As volume and value moved similarly over the 12 months to December 2023,average value of exports stayed level at$3.13 per litre free on board(FOB)2.Figure 1:Value of Australian wine exports by quarter 1 Unless otherwise stated all values are given in Australian dollars.2 All expo