Morris Cai

Australia

Imports of Australian wine saw a significant month-on-month decline of as much as 60% by value. The sharp decline comes after months of steady restocking by importers and is further complicated by sluggish sales in the domestic market, highlighting broader challenges for the industry. Read More
Treasury Wine Estates (TWE) has reported a 34.7% increase in sales revenue for its flagship brand, Penfolds, in the Asian market for fiscal year 2024, driven by strong growth in Thailand, Hong Kong, and Taiwan, as well as a recovery in mainland China during the fourth quarter. Read More
China's imports of Australian bottled wine continued to surge in July, recording a staggering year-on-year increase in both volume and value. However there are early signs of a potential plateau following the post-tariff rebound earlier this year. Read More