FACTBOX: Australia's wine industry set back by financial crisis

Mon Jan 19, 2009 7:44pm EST
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CANBERRA (Reuters) - Australia's wine exports have suffered an 18 percent decline by value in 2008, delivering the first setback for 15 years as the global financial crisis hit.

Here are some facts about Australia's wine export industry.

* Value: A$2.46 billion ($1.6 billion) in 2008, down 18 percent on 2007. Per liter value was A$3.53 (-7.6pct)

* Volume: 698 million liters (-11 pct). Around 62 pct of annual production is exported.

* Australia in 2004 was the world's sixth largest producer, behind France, Italy, Spain, the United States and Argentina. But Australians drink only a small amount per head, sitting in 18th place, well behind top-placed Luxembourg, France, Italy, Portugal and Slovenia.

* Major Export Markets (ranked officially by volume)

1. United Kingdom worth A$805 mln, down 18.2 pct

2. USA worth A$674 mln, down 26.5 pct

3. Canada worth A$224 mln, down 20.5 pct   Continued...