Key Market Indicators
Consumption of wine in Australia is projected to reach 469,000 metric tons by 2026, up 0.3% year-on-year on average. Since 2017, demand in the country has increased by 1% annually. Australia ranked 9th in 2021, behind Russia, which consumed 462,000 metric tons. France, the United States and Italy were the next three largest consumers in that order. Australian wine production is expected to reach 1.42 million metric tons in 2026, 0.8% more than in 2021. Since 1966, the country's supply has grown by 0.8% annually. Australia placed 6th in 2021, behind Argentina, which produced 1.35 million metric tons. France, Spain and the United States followed in that order.
