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COVID‐19’s impact on Australian wine markets and regions *

Authors
  • Wittwer, Glyn
  • Anderson, Kym
Type
Published Article
Journal
The Australian Journal of Agricultural and Resource Economics
Publisher
John Wiley and Sons Inc.
Publication Date
Aug 09, 2021
Identifiers
DOI: 10.1111/1467-8489.12447
PMID: 34539220
PMCID: PMC8441816
Source
PubMed Central
Keywords
Disciplines
  • Special Issues
License
Unknown
External links

Abstract

This paper provides an empirical case study of impacts of COVID‐19 on Australia’s wine sector. Wine exports were subject to disruptions and, like domestic wine sales, were adversely affected not only by temporary declines in consumers’ expected incomes but also by the social distancing measures and self‐isolation that led to closure of restaurants, bars, cafes and clubs plus declines in international travel and tourism. Partly offsetting this has been a boost to off‐premise and direct e‐commerce sales. We first estimate those impacts and their expected partial recovery in 2021 using a new model of global beverage markets. Then, we add results on regional effects, including through domestic wine tourism, using a new economy‐wide model with sub‐national regions. The paper concludes by drawing lessons on how this sector’s resilience to future global shocks could be strengthened.

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