Horticulture exports rival lamb
THE Australian horticulture sector continues to go from strength to strength, with the value of horticulture exports closing in on Australia’s lamb and dairy sectors.
That’s according to the In Focus: Horticulture report released by National Australia Bank (NAB).
Analysing data from the Australian Bureau of Agriculture and
Resource Economics and Sciences (ABARES), the report reveals the Australian horticultural sector is worth approximately
$11.4 billion, with growth in export value a key feature.
NAB Agribusiness Economist Phin Ziebell said the growth in horticultural export value was closely linked to benefits flowing from the China-Australia Free Trade Agreement (ChAFTA), which entered into force in 2015.
“At a value of
$3.2 billion, Australian horticulture exports are now comparable to those of lamb and mutton, and dairy, which are valued at $3.6 billion and
$3.5 billion respectively,” Mr Ziebell said.
“Improved market access and lowered tariffs under ChAFTA have had a large impact, particularly on fruit.
“The value of Australian navel orange exports doubled in the first three years post-ratification, and mandarin export values tripled over the same period.”
now comparable to those of lamb and mutton...
— Phin Ziebell