The red wine of Tapestry McLaren Vale is considered is one of the finest levels of wines in and outside the country. Even in foreign market they have a good market potential and has been regularly exported to the countries like Canada, china, India, Hong Kong etc.
As the demand for the finest wines are increasing in the world. Australia’s export market is gaining benefits. In the year 2014-2015 wine export of the Australia has experienced its strongest growth in the past 8 years. According to September 2015 export report released by wine Australia, in the past 12 month’s period up to September 30 the value of export of Australian wine increased by 8% to $1.96 billion. This is the strongest growth rate since the export values were high in October 2007. Asian market is the number one region for export of Australian wines by value. The growth rate is 31% to a record amount of A$ 644 million. Asian markets have high demand for Australian wines and which is gradually increasing. The biggest Asian markets for the
…show more content…
km. the population of Thailand according to 2014 report is 68.7 million. The GDP per capita for the year 2015 is US$5426.3. The real GDP growth (% change in YOY) for the year 2015 is 2.5. The unemployment rate for the year 2010 is 1.1 however it has decreased for the year 2015 which is 0.8. In relation to Australia’s investment and trade relationship with Thailand, in the financial year 2014-2015 the export to Thailand is A$ 5011 million, which is 2.0% of the total share. The major export from Australia to Thailand is crude petroleum, gold, aluminium etc. Australia’s investment relationship with Thailand 2014 report shows that Australia’s investment is Thailand is A$ 3028 million. Thailand’s principal import sources are China, Japan and United States, whereas Australia remains at 12th position with 2.4% of the total import. (Source: Department of Foreign Affairs and