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Projecting the world wine market from 2003 to 2010

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Author Info

  • Wittwer, Glyn
  • Rothfield, Jeremy

Abstract

Rapid New World supply increases are imposing downward pressures on prices for grape and wine producers. A per capita decrease in wine consumption in the world’s largest wine producers is being offset by consumption increases elsewhere, and growing consumer preferences for higher quality wines. We use a global wine model to project the world’s wine markets from 2003 to 2010. Our decomposition of results allows us to examine the contribution of different market forces to changes in prices and outputs relative to 2003.

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File URL: http://purl.umn.edu/126557
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Bibliographic Info

Article provided by University of Melbourne, Melbourne School of Land and Environment in its journal Australasian Agribusiness Review.

Volume (Year): 13 (2005)
Issue (Month): ()
Pages:

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Handle: RePEc:ags:auagre:126557

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Web page: http://www.agrifood.info/review/

Related research

Keywords: Wine; New World; wine consumption; consumer preference; grape producers; wine producers; Agribusiness; Consumer/Household Economics; Demand and Price Analysis; Farm Management; Food Consumption/Nutrition/Food Safety; International Development; Marketing; Production Economics; Teaching/Communication/Extension/Profession; ISSN 1442-6951;

References

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  1. Anderson, Kym & Norman, David & Wittwer, Glyn, 2002. "Globalization of the Worlds Wine Markets," CEPR Discussion Papers 3169, C.E.P.R. Discussion Papers.
  2. Meagher, G.A. & Parmenter, B.R. & Rimmer, R.J. & Clements, Kenneth W., 1985. "ORANI-WINE: Tax Issues and the Australian Wine Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(02), August.
  3. W. Jill Harrison & J. Mark Horridge & K.R. Pearson, 2000. "Decomposing Simulation Results with Respect to Exogenous Shocks," Computational Economics, Society for Computational Economics, vol. 15(3), pages 227-249, June.
  4. Wittwer, Glyn & Anderson, Kym, 2002. "Impact of the GST and Wine Tax Reform on Australia's Wine Industry: A CGE Analysis," Australian Economic Papers, Wiley Blackwell, vol. 41(1), pages 69-81, March.
  5. Harrison, W Jill & Pearson, K R, 1996. "Computing Solutions for Large General Equilibrium Models Using GEMPACK," Computational Economics, Society for Computational Economics, vol. 9(2), pages 83-127, May.
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Cited by:
  1. Fleming, Euan M. & Thiemann, Franziska & Mueller, Rolf A.E., 2011. "Information and Communication Technology and the Global Flow of Wine: A Gravity Model of ICT in Wine Trade," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114353, European Association of Agricultural Economists.

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