A lift in demand for premium wines has helped boost Australia's wine exports for the first time since 2007.
Figures released by the Australian Grape and Wine Authority on Wednesday show exports rose by 1.9 per cent in both volume and value terms during 2014.
The falling value of the Australian dollar helped lift export volumes to 700 million litres.
The lift in value to $1.82 billion was partly driven by demand for premium wines - above $7.50 per litre - in North America, Europe and much of Asia.
Premium wines - and especially ultra-premium wines priced above $50 - experienced the strongest growth throughout the year.
"It's encouraging to see the value of Australian wine exports in positive growth for the first time since 2007, and increasing demand for our premium wines was a major contributing factor to that growth," AGWA acting chief executive Andreas Clark said.
The United Kingdom was the biggest export market by volume, taking mostly bulk wine destined for Europe.
In the United States, demand for premium wine lifted as the improving economy and more buoyant stock markets resulted in consumers having more money.
But the export of cheaper bulk wine to the US fell because two consecutive record US grape harvests had reduced demand for imported wine.
Exports to China rose, with bottled exports almost recovering to levels recorded before the Chinese government introduced austerity measures in late 2012.
More than 90 per cent of Australia's ultra-premium wine exports went to Asia.
Share

