Wine exports from New Zealand have been valued at NZD 1.7 billion for 2018, up 2.5% over 2017 and the twenty-third consecutive year of export growth, according to a report from New Zealand Winegrowers.
The 2.5% increase this year has come about despite export growth having been muted over the past year, due to supply constraints. Those constraints are expected to continue to affect export growth.
“In the coming year we predict export growth will continue to be muted, given that the 2018 vintage was smaller than we had hoped. The final outcome will also be affected heavily by the exchange rate, which is currently looking more favourable,” said John Clarke, Chair of New Zealand Winegrowers.
New Zealand exports wine to more than 90 countries around the world. The US is its largest wine export market, with more than NZD 500 million in exports this year. The UK is in second place at NZD 256m, said the report.
Also according to the report, wine tourism is surging in New Zealand, with 27% of international visitors to the country visiting a winery. Touring New Zealand’s wineries and vineyards has become a huge drawcard for visitors, with 279 wineries offering wine tourism experiences throughout New Zealand’s wine regions.