Wine Export Rise Despite Drought
A challenging year for the wine industry in 2018, saw positive results in the overall value of exports according to the Wines of South Africa (WoSA) Export Report, despite the regional drought yielding low a harvest.
An increase of 4% in the value of exports to R9.06 billion reflected South African wine positively in international markets, despite a 6% decrease in export volumes to 420-million litres. WoSA recently said the export value figure fits into the association’s strategy for an increased value focus within packaged and bulk wine sales, while also having a direct correlation to dwindling wine stocks, following the lost harvest yield since 2005 towards the latter part of 2018.
The value of packaged wine had increased by 3% and the value of bulk wine by 7%. The UK remained South Africa’s top export market, realising a total value of R1.8-billion of exports, followed by Germany, at R1.3-billion, and the Netherlands, at R693-million.
Exports into Africa have grown by 73% in Kenya, 35% in Tanzania and 33% in Zambia.