Australian wineries exported A $1.05 billion worth of wine to China last year, according to (Wine Australia), the Australian Wine Authority, according to the Sydney Morning Herald.
The sales are equivalent to three of the most important markets combined: $424 million in the United States, A $384 million in the UK and A $199 million in Canada.
Australia's d\ x {e16c} 39 Arenberg has been selling wine in China for 20 years. But sales surged 300% last year to A $4 million in exports. "there are a lot of people in China who enjoy the Australian lifestyle very much." "it's a huge market," said Osborne (Chester Osborne), owner of the winery. "there are a lot of high-end buyers."
A report released last month by Morgan Stanley (Morgan Stanley), an investment bank, showed an increasing number of Australian breweries exporting wine to China. Australian wine exports to China slowed in the three quarters to September, but still reached A $949 million, reflecting strong demand from the Chinese market.
The slowdown includes tighter border controls, Morgan Stanley said in the report, but "China's Spring Festival holiday should be able to accelerate export growth in December."
