Australian Wine Industry Urged To Find New Markets

CREDIT: Mark Piovesan/Getty Images

There have been warnings that Chinese levy on bottled wine exports would cost the Australian wine industry at least $2.4 billion Australian between now and 2025.

Imports of Australian wine to China will "cease entirely" due to crippling anti-dumping duties. This will see export values drop by $480 million Australian by 2025.

The $3 billion Australian export industry must find new trade destinations using different strategies. 

"Without such a change, only 60% of wine destined for China will find a place in other existing markets by 2025," said Jared Greenville, executive director of Abares.

"This isn't to spell doom and gloom. It's an outcome that can be avoided if we look at finding other markets for Australian wine or find ways to generate more value from our wine sold into existing markets."

Loss of production would result in $67 million annually from now until 2025 for wine grape growers.