Australian Imports Stall in U.S.

Based on a report by Macquarie Research’s Andy Kovacs, Australian imports, particularly Foster’s Group, has underperformed in the tough U.S. market so far in the second half of 2008. U.S. WINE MARKET. Andy remarked that the U.S. wine market is holding up under pressure but there is some disparity within, namely between states. In January to April, market wine volumes and price both grew at approximately 3%. However, the following inconsistencies remain: California is particularly soft; consumers are switching to