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

 

New Zealand Wine: Positioned for the Future

20 August 2012

New Zealand Wine: Positioned for the Future

Wine exports reach $1.18 billion, up 8%
Sales (domestic and export) total 242 million litres, up 10%
Tight supply means focus on higher priced segments
New Zealand wine is well positioned for the future.

Tighter market conditions provide new opportunities for New Zealand wines according to the June year end 2012 Annual Report of New Zealand Winegrowers.

‘The vibrant and distinctive qualities of New Zealand wines continue to resonate with consumers in our key markets. In the past year exports value grew 8% to $1.18 billion and international sales volumes have now lifted 79% since 2008 This strong sales performance combined with a smaller 2012 vintage means a changed supply/demand dynamic for the sector in the year ahead’ said Stuart Smith, Chair of New Zealand Winegrowers.

Mr Smith said that total New Zealand wine sales (export and domestic) rose 10% to a record 242 million litres for the June year end 2012, but production from the 2012 vintage was less than 200 million litres.

‘Supply conditions are definitely tighter than at any time since 2007 which is a major turnaround for the sector. This provides the opportunity for the industry to focus on higher priced segments in the year ahead.’

Mr Smith is clear that there are still significant challenges for both growers and wineries. ‘Profitability is a key concern. Lower yields this year have restricted grower incomes while for wineries the challenge will be to maintain shelf space and grow key development markets in a time of tight supply. Returns have also been impacted by the high New Zealand dollar and domestic tax increases.’

Mr Smith said the wine industry has a clear path forward following the Strategic Review of 2011 which is now being actioned by New Zealand Winegrowers.

‘The Strategic Review has provided a clear blue-print for action by the industry and New Zealand Winegrowers. We are now fully into the implementation phase with our new Plan which includes increased focus on sustainability, social responsibility and export growth in development markets. We are confident the Plan ensures the industry will be well-positioned to take advantage of the significant international opportunities that exist for New Zealand wine.’

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>

Commerce Commission: Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown

Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. The warning ... More>>