Manager of information and analysis at the Australian Wine and Brandy Corporation, Lawrie Standford, says falling exports are a trend that's been happening for a while. But this year, the global crisis has contributed significantly to the downturn.
He says Britain still takes the majority of Australia's wine, but high taxes on alcohol there are making it harder for wine producers to make good profits.
The exchange rates have also had an impact, says Mr. Standford, with the Australian dollar "still not travelling that well against the pound".
In the end, he says, it's "all about the financial crisis and exchange rates."
The value of annual Australian wine exports, according to the latest report, has fallen to $2.46 billion, according to ABC.
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