Recent figures from industry publisher Winetitles shed light on the number of new wine companies, amalgamations and businesses ceasing to operate in Australia.
The Australian wine industry has gained 103 new wine companies, yet for the first time in three decades has shown a net loss in the overall number of companies, according to the latest Australian and New Zealand Wine Industry Directory (WID).
The directory lists 2,481 Australian companies who commercially sell their wine. The rampant growth in the number of wine companies reached a peak in 2014. In 2015, the Directory shows a net loss of 92 wine companies.
'The net loss in the number of wine companies isn't entirely indicative of the overall health of the Australian wine industry, which saw an increase in domestic sales of wine the past year,' says Wine Industry Directory editor Michael Major. 'Whereas we did see a number of companies go out of business, others merged with larger companies while some companies dropped their wine production and focussed only on grapegrowing.'
All States reported a loss in number of companies listed. Queensland recorded the greatest lost by percent and has 15% fewer wine companies listed. South Australia appears the least impacted with only a 2.4% drop.
Victoria still has the greatest number of wine producers listed in the 2015 Directory with 745 listed, compared with 703 in South Australia, 469 in NSW/ACT, 113 in Tasmania, 85 in Queensland and 366 in WA.
'While the rate of growth has slowed, in the past 10 years the Directory has seen an average net gain of 58 wine producers per year.'