Bulk wine market update

The bulk wine update provides grapegrowers and winemakers with an indication of supply and demand for commercial wine on the global market and the competitiveness of Australian wine. The report summarises global prices for bulk wine from Australia and other countries. Bulk wine prices are taken from the Ciatti Global Market reports published monthly.

The report includes:

  • Australian bulk wine prices for the latest month by variety
  • Comparisons of price for the same month over the past 3-4 years
  • Commentary and context on the main trends

Varieties include: Shiraz (Syrah), Cabernet Sauvignon, Merlot, generic red, Chardonnay, Sauvignon Blanc, Pinot Gris/Grigio and generic white.

The report is updated quarterly.

Report summary

The September 2021 bulk wine update shows that Australian bulk wine prices for red varieties have softened significantly in September 2021 compared with a year ago, while white varieties except Pinot Gris/Grigio have generally increased or remained at a similar price, reflecting strong demand and global shortages of white varieties. Pinot Gris/Grigio has been declining since its peak in 2018 and is now lower than Chardonnay and Sauvignon Blanc for the first September in the past four years.

The declines year-on-year are around 30 per cent for reds, while whites range from an 11 per cent decline for Pinot Gris/Grigio, to growth of 15 per cent for Sauvignon Blanc.

The decline in Australian bulk wine prices on the global market reflect current market conditions, with Australia having relatively large red inventories after a large harvest in 2021, and demand from China dramatically reduced over the past 10 months. 

Global shipping delays and increasing freight prices are having a significant impact on the movement of bulk wine. Hillebrand has reported that global on-time performance was below 35 per cent in July and August, and only 20 per cent were on time in the Europe-Asia trade in August – a record low.

See also the Global Wine Supply Monitor.

Source

Ciatti Global Market Reports – updated monthly.


This content is restricted to wine exporters and levy-payers. Some reports are available for purchase to non-levy payers/exporters.

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Non-levy payers/exporters
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This content is restricted to wine exporters and levy-payers. Some reports are available for purchase to non-levy payers/exporters.

Levy payers/exporters
Non-levy payers/exporters
Find out more

This content is restricted to wine exporters and levy-payers. Some reports are available for purchase to non-levy payers/exporters.