Saturday, 24 January 2015 00:00

Agritech export revenue tops $1.2b

Written by 
Economic Development Minister Steven Joyce. Economic Development Minister Steven Joyce.

 New Zealand agritech exports earned their producers $1.2 billion in 2013. $1 billion had long been the annual export target of the sector.

 Research completed last September for New Zealand Trade and Enterprise shows New Zealand as a leading supplier of products, equipment and services for farming. The research has better defined the sector’s offerings and determined its value to the national economy and its comparative strength in an international context

Products include animal and seed genetics, fertiliser and agri-chemicals, fencing supplies, farm tools, machinery and systems, and pumping and irrigation. 

Animal health products, medicines and preventative treatments were the largest export earners ($311m), followed by fencing supplies and equipment, and machinery and systems (each $307m).

NZTE says demand is growing for NZ agritech products. Australia and the US are the largest buyers of our products. And exports to Canada, China, South Korea and Saudi Arabia are increasing. 

The research shows agritech R&D is increasing, NZTE says.  “The research also compares New Zealand’s agritech production with other similar sized agricultural nations including Israel and Ireland. It found that New Zealand’s agritech sector is well positioned to take advantage of increasing global demand for meat and dairy.”

Primary Industries Minister Nathan Guy says the removal of the dairy quota system is opening up opportunities in Europe and the free trade deal with China, along with China’s substantial demand for meat and dairy products, is providing local agritech companies with opportunities.

“New Zealand is one of the world’s most efficient primary producers, and this report shows our expertise and technology in this area is in growing demand around the world.”

Economic Development Minister Steven Joyce notes that New Zealand has historically underperformed in agritech exports compared with other advanced agricultural nations.  

“However our exports are now growing more quickly than our competitors’, and opportunities for more growth exist in a wide range of markets.  Europe, China and South America stand out as the biggest areas of potential growth.”

The research was completed in September 2014 by Coriolis.

Top earners

• Animal health – $311m 

• Fencing supplies and equipments – $307m

• Machinery and systems – $307m

• Animal genetics – $48m 

• Plant genetics  – $233m

 

More like this

Why agri-tech sector needs more women

OPINION: When we talk about the future of farming, we often focus on the tools - automation, sensors, satellite data, digital models. But we rarely talk about the people shaping that future. And more importantly, who might be missing from the room.

Export prices set to remain elevated

Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.

2024 red meat exports end on a high

New Zealand's red meat exports for 2024 finished on a positive note, with total export value increasing 17% over last December to reach $1.04 billion, according to the Meat Industry Association (MIA).

Featured

Hort industry dishes out awards

Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.

Manuka honey trader posts sour results

Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.

Poultry industry, Govt sign landmark biosecurity deal

The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).

National

Machinery & Products

» Latest Print Issues Online

The Hound

Faking it

OPINION: Demand for red meat is booming, while it seems the heyday of plant-based protein is well past its 'best…

M.I.A.

OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter