Wine News
The announced closure of Shingleback's McLaren Vale cellar door marks another significant setback for Australian wine tourism and highlights the mounting challenges facing the industry. This development, following closely after Penfolds' announcement to close its historic Barossa Valley cellar door, suggests a concerning trend in Australia's premier wine regions.
In a significant development that marks the end of an era in Australian wine tourism, Treasury Wine Estates has announced the closure of the historic Penfolds Cellar Door in the Barossa Valley. This decision represents a strategic shift for one of Australia's most prestigious wine brands and will impact the region's tourism landscape.
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.
