NZ wine firms feel the squeeze, but see brighter days ahead

The United States is the largest market for NZ's wine. (Image: Getty)

Tue, 02 Sep 2025

The prolonged slump in global demand for wine has hit the results of New Zealand’s listed wine companies, but there are signs it has turned a corner.The sector has been under pressure for some time as retailers in key markets try to destock after building inventories during the covid-19 pandemic.Sluggish consumer spending and the United States’ tariff regime did not help either.Sales downDelegat Group, which produces brands such as Oyster Bay, Delegat, and Barossa Valley, reported 3.2 million global case sales, down 12% on 2024, wit...

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