As South Africa’s second biggest agricultural export product, wine earns close to $500 million worth of foreign revenue each year through exports of roughly 50% of total production, with the other 50% sold locally.
How much is the wine industry worth in South Africa?
The overall value of the country’s wine exports increased by 7.7% to R9. 1-billion, of which packaged wine exports’ value grew by 8.3%.
How much money does the wine industry make?
—The California wine and wine grape sector and allied businesses delivered an economic contribution of $57.6 billion to the state’s economy in 2016 and $114 billion to the overall U.S. economy, according to a new report commissioned by Wine Institute and the California Association of Winegrape Growers.
How big is the wine industry in South Africa?
Yearly production among South Africa’s wine regions is usually around 10 million hL (264 million US gallons) which regularly puts the country among the top ten wine producing countries in the world.
How many wine producers are in South Africa?
Wine-Searcher currently lists 1052 South African Wine Producers.
Can South Africa export wine during lockdown?
South African government banned wine exports during lockdown. … The government banned the wine exports during lockdown implemented in South Africa due to the outbreak of Covid-19 pandemic. The decision was announced by the government after the country moved from level 5 to level 4 restrictions regarding the lockdown.
How much is the alcohol industry worth in South Africa?
The liquor industry’s manufacturing operations and capital expenditure are responsible for an estimated R94. 2 billion (or 4.4%) of South Africa’s gross domestic product. The industry’s GDP multiplier is estimated at 2.08 – which means that for every R1. 00 in sales revenue generated by the liquor industry, R2.
Is the wine industry growing?
The wine market is projected to register a CAGR of 4.28% during the forecast period, 2021- 2026. … Changing tastes and new preferences among consumers and increasing demand for new and exotic flavors, such as Riesling wine and other tropical fruit wines, are expected to fuel the growth of the wine market.
Is the wine industry competitive?
As with all firms, wineries are competitive when they are able to continue to increase their sales and improve their product quality in a global market environment. Owners and operators were surveyed because they were directly responsible for the success and failure of strategy and operations.
How old is the wine industry?
Previously, the earliest evidence of grape wine-making had been found in the Zagros Mountains of Iran and dated to 5,400-5,000 BC. In 2011, a wine press and fermentation jars from about 6,000 years ago were found in a cave in Armenia.
Is South African wine any good?
South African wines offer impressively good value, and feature styles and tastes that are food friendly, blending elegance and power. … At one time, the sweet wine of Constantia was the most prized in the world. The most important South African wine regions are around the two cities of Stellenbosch and Paarl.
What is the best South African wine?
Top 10 South African red wines
- Malbec 2015. Mt Vernon. …
- Syrah 2018. Glen Carlou. …
- Skyfall Cabernet Sauvignon 2015. Bartinney. …
- Southern Point Shiraz-Merlot 2019. International Procurement and Logistics. …
- Royal Nymphomane 2015. La Vierge. …
- The Best Shiraz 2019. Morrisons. …
- Chocoholic Pinotage 2018. Darling Cellars. …
- Syrah 2018. La Motte.
What is the best South African red wine?
The 13 Best South African Wines to Score Right Now
- 2016 Storm “Ignis” Pinot Noir Hemel-En-Aarde ($55) …
- 2016 Hogan “Divergent” Carignan Cabernet Sauvignon Cinsault Coastal Region ($55) …
- 2017 Terre Brûlée “Le Rouge” Shiraz Cinsault Swartland ($16) …
- 2016 The Foundry Roussanne Cape of Good Hope ($25) …
- 2016 Sadie Family Wines “Palladius” Swartland ($150)
What is the most expensive wine in South Africa?
Most Expensive South African Wine
|Wine Name||Grape||Avg Price|
|De Toren The Black Lion Shiraz, Stellenbosch, South Africa||Shiraz||$263|
|De Toren Expression Unique Book XVII Red, Stellenbosch, South Africa||Cabernet Sauvignon – Malbec||$261|
|Kanonkop Black Label Pinotage, Stellenbosch, South Africa||Pinotage||$167|
Who does South Africa export wine to?
The UK remains its biggest export market, which saw R2. 1 billion worth of South African wines shipped to the country in 2020, up by 23% in value and 7% by volume over the previous year. China ranked as its 10th biggest export market, with R288 million wines exported, a year-on-year drop of 15%.
Who owns wine farms in South Africa?
The fact is that foreign investors now have a stake in approximately 100 South African wine estates, which is about 16% of the total. The owners are mostly Dutch, French, British, German, American and Swiss, although countries such as Israel, Russia, Singapore, Australia and the Congo are also piling in.