About the report

The Australian Wine Production Sales and Inventory Report presents the results of the annual Wine Production, Sales and Inventory Survey, conducted by Wine Australia. The report aims to provide an overview of the current supply and demand situation for Australian wine.

The report includes the latest national statistics on:

• the Australian winegrape crush
• wine production
• domestic sales of Australian wine
• Australian wine exports
• total Australian wine sales and,
• inventory (along with stock-to-sales ratios).

The report is updated annually, once that year's survey results are available.

Report summary

The results of the Wine Production, Sales and Inventory Report 2024 indicate that total Australian wine production in 2023–24 was 1.04 billion litres (116 million 9-litre case equivalents) – an 8 per cent increase compared with 2022–23 but still the second-smallest reported production since 2006–07 and 16 per cent (nearly 200 million litres) below the 10-year average of 1.24 billion litres.

White wine’s share of production increased from 46 per cent to 51 per cent, in line with its share of the crush. This was the first time since 2011–12 that the production of white wine has exceeded the production of red wine in Australia.

The total sales volume of Australian wine in 2023–24 was 1.08 billion litres (120 million 9-litre cases), a reduction of just over 8 million litres (-0.7 per cent) compared with 2022–23, and 11 per cent below the 10-year average of 1.21 billion litres. Domestic sales made up 42 per cent of total sales, 5 percentage points higher than in 2017–18, when exports were at their peak.

Total sales exceeded production in 2023–24 for the second year in a row. The combined shortfall from the past two years is estimated to be 155 million litres. 

The national inventory of Australian wine as at 30 June 2024 is estimated to be 1.96 billion litres, a decrease of 228 million litres (10 per cent) compared with the same time last year and very close to the 10-year average of 1.94 billion litres.

The overall national stock-to-sales ratio (SSR) declined by 10 per cent to be 1.82 in 2023–24. This is still 12 per cent above the 10-year average of 1.63, representing approximately 200 million litres more stock on hand than if the SSR were at the 10-year average. 

The SSR for reds fell by 17 per cent to 2.13 but was still 15 per cent above the 10-year average. Conversely, the SSR for white wine fell by 8 per cent to be 2 per cent below its 10-year average of 1.37.

About the survey

Wine Australia’s Wine Production, Sales and Inventory Survey is sent to the largest wineries based on grape crush size. Responses are received from around 30 wineries accounting for at least 75 per cent of total Australian wine production. Other data sources used include: ABS, Circana (formerly IRI MarketEdge), Growth Scope, IWSR, Levies Revenue Service, OIV, Winetitles and Wine Australia.