2022 SA Wine Industry Snapshot

The Wine Industry in South Australia continues to be challenged by significant and complex headwinds.

Bentleys SA and the South Australian Wine Industry Association (SAWIA) have released the 2022 South Australian Wine Industry Snapshot, a survey of 120 of the State’s wine businesses identifying that business confidence is at its lowest point in the six years of Snapshot reporting.

Oversupply and staffing were identified as key negative impacts across the industry, with these being compounded by issues including rising costs of business and inflation, and an oversaturated domestic market all contributing factors to the decline in business confidence. Marketing, business strategy, and education and training were identified as areas for businesses to invest in with a key focus on e-commerce with online consumer demand standing out as a positive this year.

Download the 2022 South Australian Wine Industry Snapshot

The industry needs careful planning, monitoring and understanding. Tools such as strategic planning, Business Impact Analysis (BIA’s) and 3 way forecasts (P&L, balance sheet, cashflow) will be the keys to success.

Tim Siebert, Partner, Bentleys SA

Backgrounder

About Bentleys SA/NT

Bentleys SA/NT is an integrated business services and advisory firm helping businesses and individuals achieve their goals and aspirations, so they can get where they want to be.

Our advisory, accounting and audit services are strengthened by our expanding range of specialisations, enabling us to support the broad needs of individuals and enterprises at every stage of the business lifecycle. In addition to accounting, audit and taxation services, our specialisations include strategic business advisory, financial planning and wealth management including self-managed super funds, taxation consulting, R&D taxation incentive services, business and residential finance and corporate recovery services.

Bentleys SA/NT supports businesses and individuals throughout South Australia and the Northern Territory, and is a member of both the Bentleys Network and Allinial Global. With our local expertise, national presence and international capability, we work with enterprises at every stage of their business journey to help them prepare for tomorrow.

About the South Australian Wine Industry Association

From its beginnings in 1840, the South Australian Wine Industry Association is the peak body representing the viticultural and wine making interests of the state.

The association’s core functions are to provide leadership and strategy, to represent the industry and lobby on its behalf, and to provide leadership advice and support to South Australian grape and wine businesses, assisting them to prosper within a dynamic and diverse industry.

SAWIA has specialty services in government relations and advocacy, industrial and employee relations, work, health and safety, liquor licensing, environment and consumer wine education.

Disclaimer: This information is general in nature and should not be relied on as advice. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs and seek professional advice before making any decisions based on this information.