The value of Australian vegetable exports has increased by more than five per cent since the 2013-14 financial year, driven by strong performances from key vegetable commodities in Asian and Middle Eastern markets, according to recent data released by the Global Trade Atlas.
Vegetable exports increased to more than $270 million in 2014-15, up from $256 million in 2013-14, with key markets in Asia and the Middle East contributing to growth in the value of Australian vegetable exports.
“Since 2013-14, Australian vegetable exports to Singapore and the United Arab Emirates have increased by 29 per cent and 24 per cent respectively,” said Michael Coote, national manager-export development, AUSVEG.
“The export value of a range of vegetables has increased in several overseas markets, which is encouraging news to Australian growers who often grow a variety of commodities,” said Coote.
“Overall, there have been increases in exports for key vegetable commodities, such as carrots, which experienced an export value increase of 10 per cent, and the cauliflower and broccoli category, where export value rose by 60 per cent.”
“It is imperative that we build our export markets as this will serve to reduce pressure on the domestic industry which is already over-supplied with produce. Australian vegetable growers have limited opportunities to increase their revenue streams in the domestic market. Developing export markets are a prime opportunity for growers to increase their profitability, where there is an increasing demand for premium quality produce,” said Coote.
Countries such as South Korea, New Zealand, and Malaysia have increased their demand for Australian vegetables, with exports in these countries rising steadily.
Recently signed Free Trade Agreements with China, South Korea, and Japan should also assist Australian growers to increase vegetable exports over time.
Vegetable industry export development activities are funded through Horticulture Innovation Australia using vegetable levy funds and matched funds from the Australian Government.