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The Wine Gourd: The (unknown) vineyard areas of Asia
blogspot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blogspot.com Daily Mail and Mail on Sunday newspapers.
The Wine Gourd: Australia and New Zealand wine comparisons
blogspot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blogspot.com Daily Mail and Mail on Sunday newspapers.
Monday, May 31, 2021
Australia versus New Zealand wine exports
There has long been a rivalry between Australia and New Zealand. This dates at least back to when Australia was federated, on 1 January 1901. At that time, the New Zealanders were offered the opportunity to become a state of Australia, but inexplicably declined. Since then, the rivalry has continued in sporting events, economics, and politics.
In the latter case, the New Zealanders were responsible for the demise of the ANZUS treaty, by which the Australians and New Zealanders died in large numbers in Vietnam in the 1960s, alongside an even larger number of Americans. Some time later, the New Zealanders decided on an explicit non-nuclear policy, which meant that the Americans lost interest in them, because they could no longer re-stock their nuclear submarines in the South Pacific (see the map below).
Monday, May 10, 2021
So, why has China gone off the boil?
There have been several reports over the past few years about the declining wine market in China. Indeed, wine production in China is currently listed as the 6th fastest declining industry in that country (Fastest declining industries in China by revenue growth (%) in 2021). So, it seems worthwhile to gather in one place some pictures of the situation, given that China has been the second largest wine market in the world (The wine market in China).
We can start with a look at the simple economics in recent years. Here is a graph of the estimated market size (in USD) over the past few years, from the IBISWorld industry statistics:
Monday, April 26, 2021
The cost of wine consumed differs greatly between countries
A couple of weeks ago I looked at the relationship between wine consumption and wine production (Does wine production increase wine consumption?). Another interesting relationship is between wine consumption and wine value, which I will delve into here.
So, let s have another look at the data for 2015, as contained in the Annual Database of Global Wine Markets, compiled by Anderson, Nelgen and Pinilla. Tables 238 (Expenditure per capita on wine) and 23 (Volume of beverage wine consumption per capita) contain the information that we need. Per capita expenditure on wine varies quite dramatically between countries, as recently shown on the AAWE Facebook page:
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