New Zealand: Wine market in to hit $1,665 million by 2016 says new report

According to the report ‘Wine in New Zealand’ The New Zealand wine market generated a total revenue of $1,342 million in 2011, representing a compound annual growth rate (CAGR) of 1.2% between 2007 and 2011.

The wine market consists of retail sale of champagne, fortified wine, sparkling wine and still wine. The market is valued according to retail selling price (RSP) and includes any applicable taxes. Market volume represents the total volume of wine consumed in millions of liters. Any currency conversions used in the creation of this report have been calculated using constant 2010 annual average exchange rates.

Market consumption volumes are forecast to decrease with a CARC of -0.2% between 2007 and 2011, to reach a total of 93.7 million liters in 2011.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.4% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $ 1,665.9 million by the end of 2016. View the Report

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