Australian wine sector expected to grow despite China trade war
Australia’s wine industry is set to grow in coming years despite China’s punitive 212 per cent tariffs. Accordingto GlobalData, a London- d data analytics group.
GlobalData, a London- d data analytics group, is projecting Australia’s grape-growing sector would enjoy 2.4 per cent compound annual growth for the next four years.
The Australian wine industry was expected to be worth $12.7billion in 2024, up 12.4 per cent from $11.3billion in 2019, with the popularity of sparkling wine in particular predicted to soar.
This is set to occur even though China in late November imposed tariffs of 107 per cent to 212 per cent on Australian wine.
編輯：Frida Xu
