Wine News
In a decisive move that signals growing tensions in Australia's wine industry, members of the CCW cooperative have overwhelmingly rejected Accolade Wines' proposed buyout offer. This development represents more than just a failed business transaction - it highlights the deep challenges facing Australia's wine sector and the complex relationships between growers and major wine companies.
The global wine market is undergoing a significant transformation, with developing markets emerging as the new frontier for growth in Australian wine exports. Recent analyses from both the IWSR and Wine Australia reveal a complex but promising landscape for the next five years, particularly in emerging economies.
Australia's wine industry has demonstrated remarkable resilience and growth in 2024, with export figures revealing significant expansion across multiple markets. The total export value reached $2.55 billion, representing a substantial 34% increase from the previous period, while volume grew by 7% to 649 million litres. This performance indicates a strong trend toward premiumisation, as reflected in the 26% increase in average value per litre to $3.93.
