According to New Zealand Winegrowers, New Zealand wine exports have reached a new record high of $1.54 billion for the 2015 year a 14 percent increase on 2014.
“The new record level of wine exports is an outstanding achievement for New Zealand wine exporters and testifies to the strong global demand for our wines,” said Philip Gregan, CEO of New Zealand Winegrowers.
New Zealand wine is exported to more than 90 countries, and is New Zealand’s sixth largest export good.
“The past year has seen particularly strong growth into the USA, with export value up to 26 percent to $430 million, Canada up 18 percent to $100 million, and the UK up 12 percent to $380 million. The lower New Zealand currency has assisted the increased returns, but underlying growth is the very positive reputation of New Zealand wine amongst consumers and the wine trade globally.”
New Zealand wine exports reached $1 billion in 2010 and the industry has a goal of $2 billion of annual wine exports in 2020.
“Achieving the $1.5 billion record means the industry is well on track to achieving exports of $2 billion by 2020,” said Gregan.
The announcement of the new export record comes at a very busy time for the wine sector, coinciding with the International Sauvignon Blanc Celebration in Marlborough in early February.