Interesting times for Australia and Argentine.

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Following the reopening of the Chinese market, Australians are facing new challenges: a smaller market, established players, and emerging trends.

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The Australian wine industry celebrates the reopening of its once crucial export market. In the medium term, they aim to re-establish themselves.

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For many years, China was Australia's biggest customer for wine. Then Beijing bolted the doors, with punitive tariffs. Those doors have now reopened, but they will not readmit Australia's producers to the booming market they remember.

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Chinese wine imports are now just over 60% of what they were in 2012. The latest figures show a steady decline.

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Could this signal a major trade dispute with the EU?

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The International Organisation of Vine & Wine (OIV) estimate that 2023 wine production will be 7% lower than the below-average volume of 2022, and it says, the lowest output since 1961. Does this tally with what we at Ciatti are hearing, and what should we make of it?

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As the Chinese wine industry hits rock bottom, some of the country's producers are shifting their focus to export markets. Louise Hurren reports.

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Australia and China have suspended their World Trade Organization wine tariff dispute. China wants to take five months to review the punitive tariffs imposed on wine imports from Australia. In return, Australia will suspend its complaint to the WTO.

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