New Zealand - Wine Numbers
VINEX Market Research
The keyword for the New Zealand wine industry in FY2016 would be nothing besides rebound, contributed by a 33.74% increment in grape crush volume. The industry has been strongly supported by the Trans Pacific Partnership (TPP), which involves over 60% of the 1.6 billion NZD annual wine export, as well as the free trade agreements (FTAs) with countries such as Australia and China.
|Demand and Supply||2014||2015||2016*||% Change|
|Producing Vineyard Area (HA)||35,510||35,859||36,573||+1.99|
|Wine Grape Crushed (000't)||445||326||436||+33.74|
|Annual Wine Production (ML)||320||245||314*||+49.52|
|Annual Import (ML)||41||35||37||+5.71|
|Annual Wine Export (ML)||187||210||215*||+8.81|
|Domestic Consumption (ML)||90||96||92*||-4.17|
Sauvignon blanc has been viewed as New Zealand's flagship wine, which dominates over 65% of all grapes harvested. The main red and white varieties produced in New Zealand are listed below.
|Red / White Grape Varieties||2014||2015||2016||% Change|
|Pinot Noir (000't)||36.50||25.76||35.66||-29.42|
|Cabernet Sauvignon (000't)||1.74||1.38||1.54||-20.69|
|Sauvignon Blanc (000't)||310.24||216.08||303.71||-30.35|
|Pinot Gris (000't)||23.88||19.71||24.89||-17.46|
The warm sunny climate between February and April 2016 has been the main boosting power for the 2016 harvest. At the mean time, the market price had spoken for the global supply and demand toward the new vintage.
New Zealand wine industry has witnessed over 2 decades of export growth, reaching 1.59 billion NZD in FY 2016, alongside with a significant proportion of bulk wine export. According to the official publication of NZ Wine Growers, the total wine export value is well on track to reach 2 billion NZD by 2020.
|Bulk Wine Export||2014||2015||2016||% Change|
|Bulk Export (ML)||56.11||70.40||71.43||+1.46|
|Bulk White Price (NZD/L)||3.98||3.78||3.37*||-10.85|
|Bulk Export Price (NZD/L)||3.99||3.71||3.29*||-11.32|
(Source: NZ Wine Growers, USDA FAS)
The market data displayed has been assembled from in-market surveys, various published reports and with the assistance of industry experienced confidantes. No trading decision should be based solely on the information provided.
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