AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
$13.9Crops
billion, increased by $3,714m (page 7)
$9.5Beef and cattle
billion, decreased by $1,885m (page 8)
$5.0Wool and cotton
billion, increased by $897m (page 9)
Sheep
billion, increased by $139m (page 10)
Wine
billion, increased by $184m (page 12)
Dairy
billion, decreased by $88m (page 13)
$3.2 $2.4 $2.2Sugar
billion, increased by $375m (page 14)
billion, decreased by $68m (page 15)
Seafood
billion, decreased by $81m (page 16)
$2.2 $2.0 $1.4Horticulture
About the research The Australian Agriculture Trade Performance 2016/17 research is based on the reported values and quantities of goods at Australia’s ports. The report includes all agricultural, food and fibre products including processed products. Wood and articles of wood are not included.
The reported values are quoted Free On Board (FOB) in Australian dollars and not adjusted for inflation or foreign exchange rates.
In some instances the export destination and/or state of origin is not identified by the exporter. Figures may not reflect the actual export total.
Commodity groups may not include all products relevant to that group. For example, miscellaneous edible preparations is a significant commodity group by value and volume where
individual products are not specified and therefore cannot be attributed to another commodity group.
Where appropriate, European and Middle East and North African nations are referred to as the European Union (EU) and the Middle East and North Africa (MENA).
EU includes: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
MENA includes: Algeria, Bahrain, Djibouti, Egypt, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, West Bank, Yemen.
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 03
NATIONAL SUMMARY
0.2%in 2016/17
8.5%Value of agri-food
exports increased byValue of agri-food
imports increased by
in 2016/17
$49.9The total value of
agri-food exports was
billion in 2016/17
Australian agri-food exports increased in value for the seventh consecutive year in 2016/17. A $3.7 billion (+36.4%) increase in the value of crop exports was the main driver, followed by fibre (+$897m) and sugar (+$374m). Cattle exports recorded the largest decline in value, dropping $1.9 billion (-16.6%), followed by dairy (-$88m).
The value of agri-food imports to Australia increased by $41.5 million in 2016/17. Miscellaneous edible preparations and beverages (wine, whiskey and beer) were the top imported commodities, accounting for 13.1% and 12.7% of total
imports, respectively. The European Union, New Zealand and the United States accounted for 53% of agri-food imports in 2016/17. Cheese and butter imports from New Zealand accounted for most of the increase in value, increasing by 18% and 74%, respectively. Cheese imports from Europe also increased by 7.7%.
Despite exports increasing in 2016/17, agri-food’s share of national goods and services exported dropped as the value of mining exports grew by 23%.
Data: Global Trade Information Services (GTIS) and Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)
The value of Australian agri-food exports increased by $3.9 billion in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
50
45
30
10
20
5
15
25
35
40
0
Val
ue o
f exp
orts
(A$
b)
Australia imported $17.9b billion worth of agri-food products in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
18
12
4
8
2
6
10
14
16
0
Val
ue o
f im
port
s (A
$b)
Cattle and crops accounted for 47% of Australian agri-food exports in 2016/17
2011/122012/13 2013/14 2014/15 2015/16
16
10
4
2
6
8
12
14
0
Val
ue o
f exp
orts
(A$
b)
Crops Cattle FibreSheep Dairy Horticulture
Val
ue o
f exp
orts
(A$
b)
25%
15%
10%
20%
5%
0
Agri-food exports accounted for 13.7% of all Australian exports in 2016/17
400
100
300
200
0
Agri-food exports Mining exportsOther exports Ag as % of total (RHS)
20
16
/17
20
00
/01
20
08
/09
20
10
/11
20
12
/13
20
14
/15
20
06
/07
20
02
/03
20
04
/05
19
98
/99
19
96
/97
The value of Australian agri-food exports increased by $3.9 billion in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
50
45
30
10
20
5
15
25
35
40
0
Val
ue o
f exp
orts
(A$
b)
Australia imported $17.9b billion worth of agri-food products in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
18
12
4
8
2
6
10
14
16
0
Val
ue o
f im
port
s (A
$b)
Cattle and crops accounted for 47% of Australian agri-food exports in 2016/17
2011/122012/13 2013/14 2014/15 2015/16
16
10
4
2
6
8
12
14
0
Val
ue o
f exp
orts
(A$
b)
Crops Cattle FibreSheep Dairy Horticulture
Val
ue o
f exp
orts
(A$
b)
25%
15%
10%
20%
5%
0
Agri-food exports accounted for 13.7% of all Australian exports in 2016/17
400
100
300
200
0
Agri-food exports Mining exportsOther exports Ag as % of total (RHS)
20
16
/17
20
00
/01
20
08
/09
20
10
/11
20
12
/13
20
14
/15
20
06
/07
20
02
/03
20
04
/05
19
98
/99
19
96
/97
The value of Australian agri-food exports increased by $3.9 billion in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
50
45
30
10
20
5
15
25
35
40
0
Val
ue o
f exp
orts
(A$
b)
Australia imported $17.9b billion worth of agri-food products in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
18
12
4
8
2
6
10
14
16
0
Val
ue o
f im
port
s (A
$b)
Cattle and crops accounted for 47% of Australian agri-food exports in 2016/17
2011/122012/13 2013/14 2014/15 2015/16
16
10
4
2
6
8
12
14
0
Val
ue o
f exp
orts
(A$
b)
Crops Cattle FibreSheep Dairy Horticulture
Val
ue o
f exp
orts
(A$
b)
25%
15%
10%
20%
5%
0
Agri-food exports accounted for 13.7% of all Australian exports in 2016/17
400
100
300
200
0
Agri-food exports Mining exportsOther exports Ag as % of total (RHS)
20
16
/17
20
00
/01
20
08
/09
20
10
/11
20
12
/13
20
14
/15
20
06
/07
20
02
/03
20
04
/05
19
98
/99
19
96
/97
The value of Australian agri-food exports increased by $3.9 billion in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
50
45
30
10
20
5
15
25
35
40
0
Val
ue o
f exp
orts
(A$
b)
Australia imported $17.9b billion worth of agri-food products in 2016/17
2016/172012/13 2013/14 2014/15 2015/16
18
12
4
8
2
6
10
14
16
0
Val
ue o
f im
port
s (A
$b)
Cattle and crops accounted for 47% of Australian agri-food exports in 2016/17
2011/122012/13 2013/14 2014/15 2015/16
16
10
4
2
6
8
12
14
0
Val
ue o
f exp
orts
(A$
b)
Crops Cattle FibreSheep Dairy Horticulture
Val
ue o
f exp
orts
(A$
b)
25%
15%
10%
20%
5%
0
Agri-food exports accounted for 13.7% of all Australian exports in 2016/17
400
100
300
200
0
Agri-food exports Mining exportsOther exports Ag as % of total (RHS)
20
16
/17
20
00
/01
20
08
/09
20
10
/11
20
12
/13
20
14
/15
20
06
/07
20
02
/03
20
04
/05
19
98
/99
19
96
/97
04 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
Data: Reserve Bank of Australia
EXPORT DESTINATIONS
Australia’s top five agri-food export destinations in 2016/17 accounted for 48.2% of the value of agri-food exports from Australia. The largest growth market in 2016/17 was India. The overall increase of $1.7 billion came from growth in exports of legumes (+$689m), wheat (+$670m) and cotton (+$326m). Strong growth in exports to the European Union were recorded for the second year in a row, up 20% after growth of 24% in 2015/16. This came largely from increasing canola exports, up $897m in 2016/17. Exports to China grew by $309 million, driven by a $406 million increase in wool exports, while reported exports of barley fell $351 million.
Exports to Indonesia recovered some of the value lost last year with an increase in exports of $239 million, mostly coming from growth in wheat ($136m) and live cattle ($50m) exports.
The United States recorded the most significant decrease in value (-$992m) in 2016/17, almost exclusively attributed to a fall in beef exports which accounted for 41% of all exports to the US. Exports to the Middle East and North Africa region fell $600 million. Significant declines were recorded for barley (-$315m), beef (-$100m) and wheat (-$98m) while legume exports to the region rose $113 million.
Australia’s top 10 agri-food export destinations*
Destination 2015/16 export value (A$billion)
2016/17 export value (A$billion)
Year-on-year change Top two commodities 2016/17
China 9.01 9.32 3.4% Wool ($2,439m) Beef ($747m)
Japan 4.25 4.34 2.1% Beef ($1,910m) Cheese ($375m)
European Union 3.16 3.78 19.8% Canola ($1,875m) Wine ($566m)
United States 4.61 3.62 -21.5% Beef ($1,495m) Lamb ($620m)
India 1.28 3.00 133.7% Chickpeas ($1,136m) Wheat ($743m)
Indonesia 2.68 2.92 8.9% Wheat ($1,263m) Live Cattle ($636m)
Middle East North Africa 3.46 2.86 -17.4% Sheepmeat ($684m)
Wheat ($624m)
South Korea 2.61 2.52 -3.4% Beef ($1,229m) Wheat ($297m)
Vietnam 2.07 2.13 3.0% Wheat ($568m) Rock Lobster ($516m)
New Zealand 1.57 1.51 -3.9% Wheat ($138m) Chocolate ($130m)
Data: GTIS *excludes sugar
The Australian dollar was not a decisive factor in trade performance in 2016/17, remaining relatively stable through the year, averaging 3.6% higher than 2015/16 at 0.75 USD. Although slightly higher than the previous year, it is still 11.6% lower than the 5 year average of 85c.
The Australian dollar has started to trend higher hitting 80 US cents at the end of July and stabilising at 79 cents through August.
Monthly average exchange rateIndexed (July-12 = 100)
130
90
110
70
120
80
100
60
50
USD CNY JPY EUR
Jul 1
7
Jul 1
2
Jan
17
Jan
13
Jul 1
3
Jan
14
Jul 1
4
Jan
15
Jul 1
5
Jan
16
Jul 1
6
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 05
The value of agri-food exports grew for all states in 2016/17 except for Tasmania and the Northern Territory.
Victorian growth was led by canola (+$295m) and wheat (+$281m). Wool also increased by $175 million (+11%). Lower export values were recorded for beef (-$324m), almonds (-$121m) and dairy products (-$115m).
Growth in exports from Queensland was strong for crops with chickpeas (+$701m) and cotton (+$339m) performing well. Beef exports accounted for 43% of Queensland’s exports but declined $561 million in 2016/17.
New South Wales had the largest growth, up $1.3 billion. This was led by wheat (+$738m), chickpeas (+$180m) and cotton (+$137m). Beef exports recorded the largest decline, down $281 million (-18%).
Western Australian canola exports increased by $602 million and accounted for 58% of Australia’s canola exports. Wool (+$117m) and lamb (+$57m) also increased significantly. Wheat exports fell $248m.
South Australian lentils exports more than doubled (+$222m) while wine also performed well (+$142m).
The value of Tasmanian exports decreased, with declines in seafood (-$39m) and beef (-$34m). Interestingly it was the only state with increased dairy exports (+$14m), driven by growth in milk powder to Thailand (+$9m).
Northern Territory exports decreased due to live exports and beef declining $25m and $7m, respectively.
STATE EXPORT PERFORMANCE
Australian agri-food exports by state of origin*
State 2015/16 export value (A$billion)
2016/17 export value (A$billion)
Year-on-year change Top commodities 2016/17
Victoria 11.48 12.02 4.7% Wool ($1,789m) Dairy ($1,740m)
Queensland 9.05 9.66 6.7% Beef ($4,155m) Chickpeas ($1,361m)
New South Wales 7.63 8.98 17.6% Beef ($1,282m) Wheat ($1,192m)
Western Australia 6.47 7.01 8.4% Wheat ($2,532m) Canola ($1,344m)
South Australia 5.57 5.87 5.4% Wine ($1,475m) Wheat ($1,254m)
Tasmania 0.78 0.70 -9.7% Beef ($152m) Seafood ($140m)
Northern Territory 0.55 0.52 -4.9% Live Cattle ($420m) Beef ($54m)
No State Detail 2.28 2.48 8.9% Barley ($2,101m) Rice ($114m)
Data: GTIS *excludes sugar
NSW18.8%
VIC25.2%
QLD20.2%
NT1.1%
SA12.3%
TAS1.5%
WA14.7%
Percentage of Australian agri-food exports by state of origin
06 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
CROPS
119%in 2016/17
81%The value of canola
exports increased byThe volume of Victorian crop exports increased
in 2016/17
$13.9The value of Australian
crop exports was
billion in 2016/17
Australian crop exports benefitted from exceptional seasonal conditions, which led to a 49% year on year increase in winter crop production. Increased production was reflected in wheat and coarse grain export volumes increasing by 6.3 million tonnes (+40%) and 3.8 million tonnes (+63%), respectively. Wheat exports to India grew by 2.4 million tonnes assisted by the Indian government’s decision to reduce a 25% tariff to 10% in September 2016 before eliminating it completely in December 2016. This measure was in response to concerns
about domestic wheat price for Indian consumers. Growth in wheat exports were also seen in Indonesia (+33%), Philippines (+154%) and Vietnam (+53%). The value of exports increased to a lesser extent due to decreased average export prices of wheat (-15%) and coarse grains (-20%). Increased production also benefited canola and legume exports with volumes for both commodities up 85%. The exceptional production of 2016 is not likely to be repeated in 2017, resulting in lower export volumes in 2017/18.
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The reported value of wheat and chickpea exports to India increased by 920% and 89% respectively in 2016/17
FY15 FY16 FY17
2.5
2.0
1.0
1.5
0.5
FY15 FY16 FY17 FY15 FY16 FY17 India EU
India European Union Indonesia 2016/17 Export share
Indonesia0.0
18%
14%
16%
6%
4%
8%
10%
12%
2%
0
Val
ue o
f exp
orts
(A$
b)
Export share (RHS)
The reported value of crop exports increased for the first time since 2012/13, up 36%
16
6
14
8
4
2
12
10
0
Wheat Coarse grains* Canola
Legumes Rice
2016/172012/13 2013/14 2014/15 2015/16
Mill
ion
tonn
es
The reported volume of crop exports increased by 51% in 2016/17
45
20
40
25
15
10
5
35
30
0
Wheat Coarse grains* Canola
Legumes RiceWheat Coarse grains Canola (seed and oil) Legumes
2016/172012/13 2013/14 2014/15 2015/16V
alue
of e
xpor
ts (A
$b)
The reported value of wheat and chickpea exports to India increased by 920% and 89% respectively in 2016/17
FY15 FY16 FY17
2.5
2.0
1.0
1.5
0.5
FY15 FY16 FY17 FY15 FY16 FY17 India EU
India European Union Indonesia 2016/17 Export share
Indonesia0.0
18%
14%
16%
6%
4%
8%
10%
12%
2%
0
Val
ue o
f exp
orts
(A$
b)
Export share (RHS)
The reported value of crop exports increased for the first time since 2012/13, up 36%
16
6
14
8
4
2
12
10
0
Wheat Coarse grains* Canola
Legumes Rice
2016/172012/13 2013/14 2014/15 2015/16
Mill
ion
tonn
es
The reported volume of crop exports increased by 51% in 2016/17
45
20
40
25
15
10
5
35
30
0
Wheat Coarse grains* Canola
Legumes RiceWheat Coarse grains Canola (seed and oil) Legumes
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The reported value of wheat and chickpea exports to India increased by 920% and 89% respectively in 2016/17
FY15 FY16 FY17
2.5
2.0
1.0
1.5
0.5
FY15 FY16 FY17 FY15 FY16 FY17 India EU
India European Union Indonesia 2016/17 Export share
Indonesia0.0
18%
14%
16%
6%
4%
8%
10%
12%
2%
0
Val
ue o
f exp
orts
(A$
b)
Export share (RHS)
The reported value of crop exports increased for the first time since 2012/13, up 36%
16
6
14
8
4
2
12
10
0
Wheat Coarse grains* Canola
Legumes Rice
2016/172012/13 2013/14 2014/15 2015/16
Mill
ion
tonn
es
The reported volume of crop exports increased by 51% in 2016/17
45
20
40
25
15
10
5
35
30
0
Wheat Coarse grains* Canola
Legumes RiceWheat Coarse grains Canola (seed and oil) Legumes
Data: GTIS *coarse grains includes barley, sorghum, oats, maize, buckwheat, millet and rye**$1.37b worth of crop exports were reported under “unidentified country” in 2016/17.
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 07
Val
ue o
f exp
orts
(A$
b)
Exports to Japan increased by 5% in 2016/17, while exports to the USA continued to slide from the 2014/15 peak, down 40%
FY15 FY16 FY17
3.5
2.5
1.5
1.0
2.0
3.0
0.5
FY15 FY16 FY17 FY15 FY16 FY17 Japan USA
Japan USA South Korea 2016/17 Export share
S Korea0.0
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
b)
Fresh/chilled Frozen Hides Offal Live* Export share (RHS)
The value of beef and cattle exports declined by 17% in 2016/17
14
4
6
2
10
12
8
0
Fresh/chilled Frozen Hides
Offal Live*
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of beef and offal exports fell by 16% in 2016/17
1,800
400
600
200
1,200
1,600
1,000
1,400
800
0
Fresh/chilled Frozen Offal
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
Exports to Japan increased by 5% in 2016/17, while exports to the USA continued to slide from the 2014/15 peak, down 40%
FY15 FY16 FY17
3.5
2.5
1.5
1.0
2.0
3.0
0.5
FY15 FY16 FY17 FY15 FY16 FY17 Japan USA
Japan USA South Korea 2016/17 Export share
S Korea0.0
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
b)
Fresh/chilled Frozen Hides Offal Live* Export share (RHS)
The value of beef and cattle exports declined by 17% in 2016/17
14
4
6
2
10
12
8
0
Fresh/chilled Frozen Hides
Offal Live*
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of beef and offal exports fell by 16% in 2016/17
1,800
400
600
200
1,200
1,600
1,000
1,400
800
0
Fresh/chilled Frozen Offal
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
Exports to Japan increased by 5% in 2016/17, while exports to the USA continued to slide from the 2014/15 peak, down 40%
FY15 FY16 FY17
3.5
2.5
1.5
1.0
2.0
3.0
0.5
FY15 FY16 FY17 FY15 FY16 FY17 Japan USA
Japan USA South Korea 2016/17 Export share
S Korea0.0
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
b)
Fresh/chilled Frozen Hides Offal Live* Export share (RHS)
The value of beef and cattle exports declined by 17% in 2016/17
14
4
6
2
10
12
8
0
Fresh/chilled Frozen Hides
Offal Live*
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of beef and offal exports fell by 16% in 2016/17
1,800
400
600
200
1,200
1,600
1,000
1,400
800
0
Fresh/chilled Frozen Offal
2016/172012/13 2013/14 2014/15 2015/16
BEEF AND CATTLE
27%in 2016/17
3rd2016/17 was the The number of live cattle
exported fell by
most valuable year for Australian cattle exports
$9.5The value of Australian
cattle exports was
billion in 2016/17
The value of Australian beef and cattle exports fell by $1.9 billion in 2016/17 as a 16% reduction in cattle slaughter impacted export volumes. Beef exports are concentrated to four major markets with Japan, USA, South Korea and China accounting for 77% of volume. Of those, Japan was the only country to increase import volume from Australia, up 3.3%. Exports to the US declined most (-39%), followed by China (-20%) and South Korea (-5%). Cattle prices hit record levels in Australia in 2016/17 with the eastern young cattle indicator averaging 661c/kg, up 14% on 2015/16. High domestic
beef prices supported a 1% increase in the average export price despite global prices trending lower due to increased global production, led by the US and Brazil. Australian beef production is likely to increase in 2017/18 leading to greater export volumes. Export prices are likely to trend lower as competition into major markets increases, but still remain above historical average levels.
Reduced cattle supply also affected live exports with 42% less cattle exported to Vietnam and a 6% drop to Indonesia.
Data: GTIS *includes beef and dairy cattle for breeding purposes
08 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
Val
ue o
f exp
orts
(A$
b)
The value of wool exports to China increased for the third consecutive year, up by 20% in 2016/17 and accounting for 75% of total wool exports
FY15 FY16 FY17
3.5
2.5
1.0
0.5
1.5
2.0
3.0
FY15 FY16 FY17 FY15 FY16 FY17 China India
China India European Union 2016/17 Export share
EU0.0
70%
50%
40%
60%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
b)
Wool Cotton Export share (RHS)
Value of cotton exports increased by 40% and wool by 14% in 2016/17
6
2
3
1
5
4
0
Wool Cotton
2016/172012/13 2013/14 2014/15 2015/16
The volume of cotton exports increased by 42% and wool by 4% in 2016/17
Wool Cotton
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
1,800
400
600
200
1,200
1,600
1,000
1,400
800
0
Val
ue o
f exp
orts
(A$
b)
The value of wool exports to China increased for the third consecutive year, up by 20% in 2016/17 and accounting for 75% of total wool exports
FY15 FY16 FY17
3.5
2.5
1.0
0.5
1.5
2.0
3.0
FY15 FY16 FY17 FY15 FY16 FY17 China India
China India European Union 2016/17 Export share
EU0.0
70%
50%
40%
60%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
b)
Wool Cotton Export share (RHS)
Value of cotton exports increased by 40% and wool by 14% in 2016/17
6
2
3
1
5
4
0
Wool Cotton
2016/172012/13 2013/14 2014/15 2015/16
The volume of cotton exports increased by 42% and wool by 4% in 2016/17
Wool Cotton
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
1,800
400
600
200
1,200
1,600
1,000
1,400
800
0
Val
ue o
f exp
orts
(A$
b)
The value of wool exports to China increased for the third consecutive year, up by 20% in 2016/17 and accounting for 75% of total wool exports
FY15 FY16 FY17
3.5
2.5
1.0
0.5
1.5
2.0
3.0
FY15 FY16 FY17 FY15 FY16 FY17 China India
China India European Union 2016/17 Export share
EU0.0
70%
50%
40%
60%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
b)
Wool Cotton Export share (RHS)
Value of cotton exports increased by 40% and wool by 14% in 2016/17
6
2
3
1
5
4
0
Wool Cotton
2016/172012/13 2013/14 2014/15 2015/16
The volume of cotton exports increased by 42% and wool by 4% in 2016/17
Wool Cotton
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
1,800
400
600
200
1,200
1,600
1,000
1,400
800
0
WOOL AND COTTON
million in 2016/17
56%Victoria accounted for Cotton exports to India
increased by
of wool export volume in 2016/17
$5.0The value of Australian wool
and cotton exports was
billion in 2016/17
Australian wool exports benefitted from strong demand from China in 2016/17. High prices and favourable seasonal conditions in 2016/17 contributed to a 5.3% increase in wool production and a 14% increase in the value of wool exports. Demand looks likely to remain strong, particularly for fine wools, providing support for prices and further encouraging growth in production from an expanding national flock. This should lead to another year of increased export value and volume.
Cotton exports increased significantly in 2016/17 largely due to an expansion in the area of cotton planted leading to increased production. China imported 26% less cotton in 2016/17 as it works through existing stockpiles. As a result the share of exports to China fell from 50% to 26% in 2016/17 with India and Bangladesh picking up the excess with increases in volume of 569% and 270%, respectively. Australian cotton production is expected to increase slightly in 2017/18, leading to further growth in exports which will also be supported by slightly higher global prices.
Data: GTIS
$326
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 09
Val
ue o
f exp
orts
(A$
b)
Lamb exports to China increased by 45% in 2016/17, while exports to the USA were steady
FY15 FY16 FY17
1,000
700
900
400
200
300
100
500
600
800
FY15 FY16 FY17 FY15 FY16 FY17 MENA USA
MENA USA China 2016/17 Export share
China0
30%
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of sheep exports increased by 4.5% in 2016/17
3.5
1.5
2.0
1.0
0.5
3.0
2.5
0
Lamb Mutton Skins Live
Lamb Mutton Skins Live
2016/172012/13 2013/14 2014/15 2015/16
The volume of lamb and mutton exports fell by 2% and 13%, respectively in 2016/17
Lamb Mutton Skins Live
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
500
150
200
100
50
350
450
300
400
250
0
Val
ue o
f exp
orts
(A$
b)
Lamb exports to China increased by 45% in 2016/17, while exports to the USA were steady
FY15 FY16 FY17
1,000
700
900
400
200
300
100
500
600
800
FY15 FY16 FY17 FY15 FY16 FY17 MENA USA
MENA USA China 2016/17 Export share
China0
30%
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of sheep exports increased by 4.5% in 2016/17
3.5
1.5
2.0
1.0
0.5
3.0
2.5
0
Lamb Mutton Skins Live
Lamb Mutton Skins Live
2016/172012/13 2013/14 2014/15 2015/16
The volume of lamb and mutton exports fell by 2% and 13%, respectively in 2016/17
Lamb Mutton Skins Live
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
500
150
200
100
50
350
450
300
400
250
0
Val
ue o
f exp
orts
(A$
b)
Lamb exports to China increased by 45% in 2016/17, while exports to the USA were steady
FY15 FY16 FY17
1,000
700
900
400
200
300
100
500
600
800
FY15 FY16 FY17 FY15 FY16 FY17 MENA USA
MENA USA China 2016/17 Export share
China0
30%
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of sheep exports increased by 4.5% in 2016/17
3.5
1.5
2.0
1.0
0.5
3.0
2.5
0
Lamb Mutton Skins Live
Lamb Mutton Skins Live
2016/172012/13 2013/14 2014/15 2015/16
The volume of lamb and mutton exports fell by 2% and 13%, respectively in 2016/17
Lamb Mutton Skins Live
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
500
150
200
100
50
350
450
300
400
250
0
SHEEP
12%higher in 2016/17
25%The volume of lamb
exports to China wasThe average export price of lamb was
higher in 2016/17
$3.2The value of Australian
sheep exports was
billion in 2016/17
Strong prices for lamb and mutton drove increases in the value of exports in 2016/17 while lower production levels were reflected in export volumes trending lower. The national trade lamb indicator and national mutton indicator prices averaged 12% and 29% higher in 2016/17, respectively. Export volumes trended lower as lamb and mutton production fell 2% and 17%, respectively. Production was the limiting factor in continued growth in the US market where Australia supplies 75% of imported lamb. Value remained steady with
an 18% increase in the export price offsetting the effect of volume dropping 15%. The outlook is for production to steadily increase, leading to greater export volumes in 2017/18. Prices are expected to average lower in 2017/18 so the value of exports will depend on the relative shift in volume and price. New Zealand production and therefore exports are trending lower which could provide more opportunities for Australian lamb exports to Chinese and European markets where New Zealand currently holds a greater share of imports.
Data: GTIS
010 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 011
Val
ue o
f exp
orts
(A$
b)
Australian red wine exports to China increased by 47% in value and 61% in volume in 2016/17
FY15 FY16 FY17
600
300
500
100
200
400
FY15 FY16 FY17 FY15 FY16 FY17 China EU
China European Union USA 2016/17 Export share
USA0
30%
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of wine exports increased by 8.4% in 2016/17
2.5
1.0
1.5
0.5
2.0
0.0
Red White Fortified Other
Red White Sparkling Fortified Other
2016/172012/13 2013/14 2014/15 2015/16
The volume of wine exports increased by 7.4% in 2016/17
Red White
Fortified
Sparkling
Other
2016/172012/13 2013/14 2014/15 2015/16
Mill
ion
litre
s
900
200
300
100
600
800
500
700
400
0
Val
ue o
f exp
orts
(A$
b)
Australian red wine exports to China increased by 47% in value and 61% in volume in 2016/17
FY15 FY16 FY17
600
300
500
100
200
400
FY15 FY16 FY17 FY15 FY16 FY17 China EU
China European Union USA 2016/17 Export share
USA0
30%
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of wine exports increased by 8.4% in 2016/17
2.5
1.0
1.5
0.5
2.0
0.0
Red White Fortified Other
Red White Sparkling Fortified Other
2016/172012/13 2013/14 2014/15 2015/16
The volume of wine exports increased by 7.4% in 2016/17
Red White
Fortified
Sparkling
Other
2016/172012/13 2013/14 2014/15 2015/16
Mill
ion
litre
s
900
200
300
100
600
800
500
700
400
0
Val
ue o
f exp
orts
(A$
b)
Australian red wine exports to China increased by 47% in value and 61% in volume in 2016/17
FY15 FY16 FY17
600
300
500
100
200
400
FY15 FY16 FY17 FY15 FY16 FY17 China EU
China European Union USA 2016/17 Export share
USA0
30%
25%
15%
10%
20%
5%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of wine exports increased by 8.4% in 2016/17
2.5
1.0
1.5
0.5
2.0
0.0
Red White Fortified Other
Red White Sparkling Fortified Other
2016/172012/13 2013/14 2014/15 2015/16
The volume of wine exports increased by 7.4% in 2016/17
Red White
Fortified
Sparkling
Other
2016/172012/13 2013/14 2014/15 2015/16
Mill
ion
litre
s
900
200
300
100
600
800
500
700
400
0
WINE
65%of wine export
volume in 2016/17
11%The value of red wine exports increased by
South Australia accounted for
in 2016/17
$2.4The value of Australian
wine exports was
billion in 2016/17
Growth in the value of red wine exports has been the primary driver of three consecutive years of growth in the value of Australian wine exports. Red wine exports grew by 11% in both value and volume in 2016/17 while white wine exports increased steadily by 1.7% in value and 2.8% in volume. Red wine exports to China have more than doubled since 2014/15 in both value and volume terms driven by demand and the reduction of tariff rates from 14% to the current 5.6% under the China-Australia Free Trade Agreement. Australian wine grape production increased by 5% in 2016/17 with growers
also benefitting from a 7% increase in the average purchase price of grapes.
Australia imported $748m worth of wine in 2016/17, a fall of 0.6% from 2015/16. This was only the third year since 1996/97 that the value of imports has declined, a period where the value of imports has averaged 12.4% growth per year. Growth in imports has predominately been from premium white wines from New Zealand and sparkling wines from France which have become more affordable to Australian consumers after a global oversupply of wine.
Data: GTIS
012 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
Val
ue o
f exp
orts
(A$
b)
The value of dairy exports to Japan fell by 7.2%, but increased 8.1% to China in 2016/17
FY15 FY16 FY17
500
300
100
200
400
450
250
50
150
350
FY15 FY16 FY17 FY15 FY16 FY17 Japan China
Japan China Singapore 2016/17 Export share
Singapore0
20%
12%
8%
16%
4%
18%
10%
6%
14%
2%
0
300
100
200
250
50
150
0
Val
ue o
f exp
orts
(A$
m)
Milk powder Cheese and curdButter and other fats/oils Other dairy products
Milk and cream
The value of dairy exports decreased by 3.8% in 2016/17
3.0
1.0
1.5
0.5
2.5
2.0
0.0
Milk powder Cheese and curd
Milk and creamButter and other fats/oils
Other dairy products
Export share (RHS)
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
Mill
ion
litre
s
The volume of dairy exports fell by 7% in 2016/17, milk and cream up 4%
300
100
150
50
250
200
0
Milk powder Cheese and curd
Milk and cream (RHS)Butter and other fats/oils
Other dairy products
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of dairy exports to Japan fell by 7.2%, but increased 8.1% to China in 2016/17
FY15 FY16 FY17
500
300
100
200
400
450
250
50
150
350
FY15 FY16 FY17 FY15 FY16 FY17 Japan China
Japan China Singapore 2016/17 Export share
Singapore0
20%
12%
8%
16%
4%
18%
10%
6%
14%
2%
0
300
100
200
250
50
150
0
Val
ue o
f exp
orts
(A$
m)
Milk powder Cheese and curdButter and other fats/oils Other dairy products
Milk and cream
The value of dairy exports decreased by 3.8% in 2016/17
3.0
1.0
1.5
0.5
2.5
2.0
0.0
Milk powder Cheese and curd
Milk and creamButter and other fats/oils
Other dairy products
Export share (RHS)
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
Mill
ion
litre
s
The volume of dairy exports fell by 7% in 2016/17, milk and cream up 4%
300
100
150
50
250
200
0
Milk powder Cheese and curd
Milk and cream (RHS)Butter and other fats/oils
Other dairy products
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of dairy exports to Japan fell by 7.2%, but increased 8.1% to China in 2016/17
FY15 FY16 FY17
500
300
100
200
400
450
250
50
150
350
FY15 FY16 FY17 FY15 FY16 FY17 Japan China
Japan China Singapore 2016/17 Export share
Singapore0
20%
12%
8%
16%
4%
18%
10%
6%
14%
2%
0
300
100
200
250
50
150
0
Val
ue o
f exp
orts
(A$
m)
Milk powder Cheese and curdButter and other fats/oils Other dairy products
Milk and cream
The value of dairy exports decreased by 3.8% in 2016/17
3.0
1.0
1.5
0.5
2.5
2.0
0.0
Milk powder Cheese and curd
Milk and creamButter and other fats/oils
Other dairy products
Export share (RHS)
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
Mill
ion
litre
s
The volume of dairy exports fell by 7% in 2016/17, milk and cream up 4%
300
100
150
50
250
200
0
Milk powder Cheese and curd
Milk and cream (RHS)Butter and other fats/oils
Other dairy products
2016/172012/13 2013/14 2014/15 2015/16
DAIRY
8.6%14.5%
Milk powder exports to China increased by
The value of cheese exports to Japan fell
in volume in 2016/17
$2.2The value of dairy
exports was
billion in 2016/17
Declining export volumes resulted in the value of dairy exports declining for a third consecutive year. Australian milk production was 6.9% lower in 2016/17 as producers responded to farm gate milk price cuts in mid-2016 by reducing supply. The effects of lower production was seen in lower export volumes of milk powder (-9.9%), cheese and curd (-2.8%) and butter (-36.7%). Milk and cream exports increased in volume by 3.6%, with growth to Singapore and Philippines. While milk powder export volumes fell, exports to China increased by 14.5%. The average export price of
milk powder increased 5.8%, partially offsetting the effects of lower volume on the total value of milk powder exports which only fell 4.7%. The export price of cheese and curd increased 1.6%, partially offsetting reduced volumes. Overall export values declined 1.3% with an 8.6% decline to Japan but encouraging growth from China (+19%) and South Korea (+36%). The outlook for dairy exports has improved with expected growth in global demand, led by China. Production will be slow to recover, likely to provide some upwards pressure on prices.
Data: GTIS
in 2016/17
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 013
Val
ue o
f exp
orts
(A$
b)
The value of Australian sugar exports to South Korea increased by 24% in 2015/16 after a 70% increase in 2014/15
FY14 FY15 FY16
700
300
600
500
100
200
400
FY14 FY15 FY16 FY14 FY15 FY16 S Korea Indonesia
South Korea Indonesia Japan 2015/16 Export share
Japan0
40%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of Australian sugar exports increased by 20.5% in 2016/17
2.5
2.0
0.5
1.0
1.5
0.0
Sugar
Mill
ion
tonn
es
The volume of Australian sugar exports decreased by 2% in 2016/17
4.5
3.0
3.5
2.5
4.0
10.
1.5
0.5
2.0
0.0
2016/172012/13 2013/14 2014/15 2015/16
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of Australian sugar exports to South Korea increased by 24% in 2015/16 after a 70% increase in 2014/15
FY14 FY15 FY16
700
300
600
500
100
200
400
FY14 FY15 FY16 FY14 FY15 FY16 S Korea Indonesia
South Korea Indonesia Japan 2015/16 Export share
Japan0
40%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of Australian sugar exports increased by 20.5% in 2016/17
2.5
2.0
0.5
1.0
1.5
0.0
Sugar
Mill
ion
tonn
es
The volume of Australian sugar exports decreased by 2% in 2016/17
4.5
3.0
3.5
2.5
4.0
10.
1.5
0.5
2.0
0.0
2016/172012/13 2013/14 2014/15 2015/16
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of Australian sugar exports to South Korea increased by 24% in 2015/16 after a 70% increase in 2014/15
FY14 FY15 FY16
700
300
600
500
100
200
400
FY14 FY15 FY16 FY14 FY15 FY16 S Korea Indonesia
South Korea Indonesia Japan 2015/16 Export share
Japan0
40%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of Australian sugar exports increased by 20.5% in 2016/17
2.5
2.0
0.5
1.0
1.5
0.0
Sugar
Mill
ion
tonn
es
The volume of Australian sugar exports decreased by 2% in 2016/17
4.5
3.0
3.5
2.5
4.0
10.
1.5
0.5
2.0
0.0
2016/172012/13 2013/14 2014/15 2015/16
2016/172012/13 2013/14 2014/15 2015/16
SUGAR
84%of total sugar
produced in 2016/17
6.6%Global sugar stocks
decreased byAustralia exported
in 2016/17
$2.2The value of Australian
sugar exports was
billion in 2016/17
Australian sugar exporters benefitted from higher global prices in 2016/17, with a 20.5% increase in value coming from 2% less volume compared to 2015/16. The slight decline in export volume is a reflection of a 2.4% reduction in production. Australian sugar production is expected to remain unchanged in 2017/18 as increased area harvested is offset by damage to cane from Tropical Cyclone Debbie in the Mackay and Proserpine regions of Queensland. Global prices have been supported in the last two years by consumption exceeding
production, leading to reductions in global stocks. Global prices are expected to trend lower in 2017/18 as strong prices have encouraged increased planting of cane in China, India and Thailand. The European Union’s quota and minimum price system for sugar production ends in October which is likely to lead to greater production and see exports increase. With Australian production steady and prices expected to fall slightly, it is likely that both value and volume of Australian sugar exports will decline in 2017/18.
Data: Australian Bureau of Agricultural and Resource Economics (ABARES)
014 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
Val
ue o
f exp
orts
(A$
b)
The value of horticulture exports to China increased by 34% in 2016/17 with gains of 46% and 42% for table grapes and oranges, respectively
FY15 FY16 FY17
400
100
200
300
350
250
150
50
FY15 FY16 FY17 FY15 FY16 FY17 China EU
China European Union Hong Kong 2016/17 Export share
Hong Kong0
18%
6%
4%
10%
14%
16%
8%
12%
2%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of horticulture exports decreased by 3.2% in 2016/17
2.5
1.0
1.5
0.5
2.0
0.0
Fruit Grapes Nuts Vegetables
Fruit Grapes Nuts Vegetables
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of horticulture exports decreased by 1.2% in 2016/17
800
500
600
400
300
200
100
700
0
Fruit Grapes Nuts Vegetables
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of horticulture exports to China increased by 34% in 2016/17 with gains of 46% and 42% for table grapes and oranges, respectively
FY15 FY16 FY17
400
100
200
300
350
250
150
50
FY15 FY16 FY17 FY15 FY16 FY17 China EU
China European Union Hong Kong 2016/17 Export share
Hong Kong0
18%
6%
4%
10%
14%
16%
8%
12%
2%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of horticulture exports decreased by 3.2% in 2016/17
2.5
1.0
1.5
0.5
2.0
0.0
Fruit Grapes Nuts Vegetables
Fruit Grapes Nuts Vegetables
2016/172012/13 2013/14 2014/15 2015/16‘0
00
tonn
es
The volume of horticulture exports decreased by 1.2% in 2016/17
800
500
600
400
300
200
100
700
0
Fruit Grapes Nuts Vegetables
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of horticulture exports to China increased by 34% in 2016/17 with gains of 46% and 42% for table grapes and oranges, respectively
FY15 FY16 FY17
400
100
200
300
350
250
150
50
FY15 FY16 FY17 FY15 FY16 FY17 China EU
China European Union Hong Kong 2016/17 Export share
Hong Kong0
18%
6%
4%
10%
14%
16%
8%
12%
2%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of horticulture exports decreased by 3.2% in 2016/17
2.5
1.0
1.5
0.5
2.0
0.0
Fruit Grapes Nuts Vegetables
Fruit Grapes Nuts Vegetables
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of horticulture exports decreased by 1.2% in 2016/17
800
500
600
400
300
200
100
700
0
Fruit Grapes Nuts Vegetables
2016/172012/13 2013/14 2014/15 2015/16
HORTICULTURE
6consecutive years
25%The value of almond
exports decreased by The value of orange
exports has grown for
in 2016/17
$2.0The value of Australian
horticulture exports was
billion in 2016/17
Horticulture exports from Australia fell by $68 million in 2016/17 despite increasing value for all horticultural products except nuts. Fruit export volumes were unchanged from 2015/16 but an increase in export prices resulted in a 2.7% increase in value. Oranges were a strong performer with value up 11%, including a 42% increase in value to China. Table grape exports also increased in value, up 1.3% while volume fell 3.2%. Chinese demand was strong with value and volume increasing by 46% and 38%, respectively. Vegetable exports benefitted from strong growth in export prices with value
increasing 8.6% despite a 7.9% fall in volume. Carrot exports to MENA countries and asparagus to Japan were strong performers. A 12% fall in nut exports can largely be attributed to almond exports to the EU declining by $73 million (-28%). Almond exports to India were worth $142 million, up by 20% and accounting for 31% of Australian almond exports. Macadamia exports increased by 17% in volume and 19% in value. Vietnam, China and Hong Kong accounted for 62% of the $292 million worth of macadamia exports.
Data: GTIS
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 015
Val
ue o
f exp
orts
(A$
b)
The value of rock lobster exports to Vietnam accounted for 40% of Australian seafood exports in 2016/17 but fell 15%
FY15 FY16 FY17
800
300
700
600
500
100
200
400
FY15 FY16 FY17 FY15 FY16 FY17 Vietnam Japan
Vietnam Hong KongJapan 2016/17 Export share
Hong Kong0
50%
40%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of Australian seafood exports decreased by 5.9% in 2016/17
1.6
0.4
0.6
0.2
1.0
1.2
1.4
0.8
0.0
Fish Crustaceans Molluscs Other
Fish Crustaceans Molluscs Other
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of Australian seafood exports decreased by 15.6% in 2016/17
60
10
30
40
50
20
0
Fish* Crustaceans Molluscs Other
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of rock lobster exports to Vietnam accounted for 40% of Australian seafood exports in 2016/17 but fell 15%
FY15 FY16 FY17
800
300
700
600
500
100
200
400
FY15 FY16 FY17 FY15 FY16 FY17 Vietnam Japan
Vietnam Hong KongJapan 2016/17 Export share
Hong Kong0
50%
40%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of Australian seafood exports decreased by 5.9% in 2016/17
1.6
0.4
0.6
0.2
1.0
1.2
1.4
0.8
0.0
Fish Crustaceans Molluscs Other
Fish Crustaceans Molluscs Other
2016/172012/13 2013/14 2014/15 2015/16‘0
00
tonn
es
The volume of Australian seafood exports decreased by 15.6% in 2016/17
60
10
30
40
50
20
0
Fish* Crustaceans Molluscs Other
2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
b)
The value of rock lobster exports to Vietnam accounted for 40% of Australian seafood exports in 2016/17 but fell 15%
FY15 FY16 FY17
800
300
700
600
500
100
200
400
FY15 FY16 FY17 FY15 FY16 FY17 Vietnam Japan
Vietnam Hong KongJapan 2016/17 Export share
Hong Kong0
50%
40%
30%
20%
10%
0
Val
ue o
f exp
orts
(A$
m)
Export share (RHS)
The value of Australian seafood exports decreased by 5.9% in 2016/17
1.6
0.4
0.6
0.2
1.0
1.2
1.4
0.8
0.0
Fish Crustaceans Molluscs Other
Fish Crustaceans Molluscs Other
2016/172012/13 2013/14 2014/15 2015/16
‘00
0 to
nnes
The volume of Australian seafood exports decreased by 15.6% in 2016/17
60
10
30
40
50
20
0
Fish* Crustaceans Molluscs Other
2016/172012/13 2013/14 2014/15 2015/16
SEAFOOD
38%of seafood export value in 2016/17
7.6%The volume of rock lobster
exports increased by Western Australia
accounted for
in 2016/17
$1.3The value of Australian seafood exports was
billion in 2016/17
A 25% reduction in fish export volumes was a significant driver of the value of Australian seafood exports falling in 2016/17. Rock lobsters, which accounted for 53% of seafood export value, fell by 2.3% in value in 2016/17. Lower prices to Vietnam, the major market for rock lobsters, led to a 15% reduction in export value. Exports to China more than offset this decline, increasing from 120 tonnes to 1,100 tonnes, assisted by tariff rates reducing from 10% to 4% under the China-Australia Free Trade Agreement (ChAFTA). Further tariff reductions under ChAFTA will assist competitiveness
of seafood exports. Ongoing growth in demand in Asian markets for higher value seafood products such as rock lobster and abalone is also contributing to a positive outlook for seafood exports.
The value of seafood imports grew by 1% in 2016/17 and were equivalent to 85% of the value of exports. China ($207m), New Zealand ($190m) and Vietnam ($151m) are the major sources of imported seafood to Australia, which predominately consist of fish, prawns and squid.
Data: GTIS
016 AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17
Val
ue o
f exp
orts
(A$
m)
Value of forage exports800
200
300
100
500
600
700
400
0
Hay and chaff (excl. lucerne) Other forages
Val
ue o
f exp
orts
(A$
m)
Value of other meat and offal exports700
200
300
100
500
600
400
0
Goat meat Pig meat
Poultry meat & offal Other offal
2016/172012/13 2013/14 2014/15 2015/16 2016/172012/13 2013/14 2014/15 2015/16
Val
ue o
f exp
orts
(A$
m)
Value of forage exports800
200
300
100
500
600
700
400
0
Hay and chaff (excl. lucerne) Other forages
Val
ue o
f exp
orts
(A$
m)
Value of other meat and offal exports700
200
300
100
500
600
400
0
Goat meat Pig meat
Poultry meat & offal Other offal
2016/172012/13 2013/14 2014/15 2015/16 2016/172012/13 2013/14 2014/15 2015/16
OTHER AGRI-FOOD EXPORTS
Data: GTIS
2015/16 export value (A$million)
2016/17 export value (A$million)
Year-on-year change
Top two export destinations
Prepared foods including malts, cocoa, pet food, baked, other
3,385.9 3,854.3 +13.8% China ($1,391m) New Zealand ($746)
Other plant products including milling products, seeds, coffee, other
1,153.4 1,180.0 +2.3% USA ($276m) Japan ($131m)
Other animal products including fats, oils, hides, fibres, honey, eggs
984.6 1,040.6 +5.7% Singapore ($286.6m) China ($234.7m)
Other meat and offal including goat, pig, poultry, other 544.7 552.4 +1.4% USA ($188m)
Singapore ($75m)
Forages including hay, chaff, lucerne, straw, other 579.8 519.0 -10.5% Japan ($198m)
China ($98m)
Beverages excluding wine 330.8 407.2 +23.1% New Zealand ($81m) Vietnam ($53m)
Food industry residues and waste 286.0 261.6 -8.5% Indonesia ($69m) USA ($38m)
Other live animals including horses, buffalo, goats, other 200.6 189.6 -5.5% Hong Kong ($54m)
New Zealand ($50m)
Data: GTIS
AUSTRALIAN AGRICULTURE TRADE PERFORMANCE 2016/17 017
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