The global wine production market is dominated by the traditional wine production countries Italy, France and Spain. Nevertheless, Australia was ranked as fifth largest wine producing nation with a total production volume of approximately 13 million hectoliters in 2016.
The wine production industry in Australia generated a total wine production market in Australia in 2014/2015 was held by four companies: Treasury Wine Estates Limited, Pernod Ricard Pacific Holding Pty Ltd, Accolade Wines Holdings Australia Pty Limited and Casella Wines Pty Limited. The total vineyard area used for wine production in Australia reached 115.88 hectares of land in 2015, of which the grape varieties Shiraz, Cabernet Sauvignon and Chardonnay required by far the largest amount of land.
In terms of global wine consumption, Australia only ranked number ten in 2015. Despite a 3.1 percent increase in domestic wine demand in Australia in the financial year 2015/2016, wine worth around 771 million Australian dollars was imported to Australia in 2015/2016. Wine imports mostly originated from New Zealand and France. Nevertheless, trade balance of wine in Australia was positive in 2015/2016, with exports considerably exceeding imports. Australian wine export value reached over 2.27 billion Australian dollars in the financial year 2015/2016 and the export value is projected to reach around 2.94 billion Australian dollars by 2021/2022 598247. Based on export volume, Australia was the fifths largest wine export nation worldwide in 2016.
Even though Australia is an important wine exporting nation, the volume of domestic wine sales reached 460 million liters in 2015. In total, an average Australian drank about 28.7 liters of wine per person in 2014. White wine accounted for the majority of the per capita wine consumption in Australia.
