Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Spirited export success

Media Release 1 August 2011

Spirited export success

Exports of bottled spirits and liqueurs are a growing and increasingly important export earner for the New Zealand economy.

According to Statistics New Zealand export receipts increased 28%, from $41.1million to $52.6 million in the 12 months ended June 2011.

Export volumes shipped increased by 32% to 1.8 million litres of alcohol, the equivalent of 513,000 cases (1 case equals 12 x 750ml).

Despite the recession there is still good demand for premium quality New Zealand-made spirits.

Strongest performing categories by volume continue to be Vodka, Liqueurs and ready to drink beverages.

Our exports are continuing to find success in Australia, North America, Asia and the Pacific Islands.

The Government’s negotiation of various trade agreements and lowering of import duties in our overseas markets could further help drive our export business and future revenues.

Emerging but highly protected markets like India with a tariff barrier of 150% duty and Korea, at 20%, could yield good future prospects as well as the important and recovering US market.

Domestically, we face potential restrictions on RTDs and this does not bode well for the local industry to invest in product innovations. If we as a nation are to heed the call to diversify and boost exports the Government needs to do its part by not stifling the drinks industry.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>

MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>