For the first time in Australia's history, value - added / premium foods accounted for the majority (60 per cent) of
food export growth in the three years to 2016.
Early signs of this shift have been identified by recent Austrade analysis of the 3 years to 2016 which showed that for the first time in Australia's history value - added foods have accounted for the majority (60 %) of
food export growth.
Not exact matches
Asia, a major driver of global economic
growth, is both a source of competitive imports but increasingly an important destination for
exports for the Canadian economy, a growing market for resource - based commodities but also agri -
food products, specialized manufactures, financial and other services and, potentially, energy.
«We see a Chinese economy gradually shifting from construction to consumption, and so, we will transition,» said Mackenzie adding that «We imagine we will continue to creep our
exports of steelmaking materials like metallurgical coal and iron ore, but we're much more likely to make major investments in what we feel are the next phase of China's
growth in energy and in
food.»
And while Europe and the United States are the traditional
export destinations for Atlantic Canada, 85 % of the retail
growth in high - value
foods will be in Asia.
The 14 industries reporting
growth in new
export orders in April — listed in order — are: Wood Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Furniture & Related Products; Computer & Electronic Products; Machinery; Paper Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Plastics & Rubber Products;
Food, Beverage & Tobacco Products; Chemical Products; Miscellaneous Manufacturing; and Fabricated Metal Products.
UK manufacturers are welcoming the government's creation of a
Food and Drink Sector Council which will aim to promote industry
growth and increase
exports in the post-Brexit era.
New Zealand's
food exports have long been dominated by lamb and dairy, but new reports highlight the rapidly - emerging categories displaying double - digit
growth rates.
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The report — Brits Abroad: UK
Food & Drink
Exports in 2018 — found that the export of goods had risen by 12 % in the year to November 2017, with alcoholic drinks exports seeing the most growth a
Exports in 2018 — found that the
export of goods had risen by 12 % in the year to November 2017, with alcoholic drinks
exports seeing the most growth a
exports seeing the most
growth at 16 %.
The broader F&A ecosystem also has an important role to play, being responsible for creating an environment that supports
growth by reducing existing barriers to
export, strengthening
food safety and biosecurity systems, assisting with knowledge sharing and promoting Australian F&A at a national level.
Further, Australian
food businesses are already global - facing with established trading partners and a widely held understanding that sustainable future
growth needs to come from the
export market.
The report shows organic farming is forecast to record outstanding
growth of 50 % over the next five years and anticipates Australian farmers will
export more
food as Asia's population continues to grow.
«2016 marked the seventh successive year of
growth of Irish
food and drink
exports, with a further 2 % increase recorded to reach a record high of $ 11.15 billion, an expansion of 41 % or $ 3.3 billion since 2010» he said.
Padraig Brennan, director of markets, Bord Bia, noted that since 2010, international markets have accounted for half of the
growth in total
exports; Irish
food and drink
exports to China have increased six fold in six years, while
exports to North America and the rest of Asia have doubled in the same period.
A new Great British
Food Unit has been established to turbo charge UK food exports and support industry growth plants, like its target of increasing manufactured food exports to # 6 billion ($ 7.8 bn) by 2020, according to UK environment secretary Elizabeth Tr
Food Unit has been established to turbo charge UK
food exports and support industry growth plants, like its target of increasing manufactured food exports to # 6 billion ($ 7.8 bn) by 2020, according to UK environment secretary Elizabeth Tr
food exports and support industry
growth plants, like its target of increasing manufactured
food exports to # 6 billion ($ 7.8 bn) by 2020, according to UK environment secretary Elizabeth Tr
food exports to # 6 billion ($ 7.8 bn) by 2020, according to UK environment secretary Elizabeth Truss.
«The Scottish Government is doing all we can to support the
growth of
food and drink
exports: working with key sectors to develop new and existing markets, boosting innovation and skills, and supporting Scotland's local producers via business rates exemptions and grants for example.
«There is tremendous
growth potential for organics in fresh produce and also in connection with other
food categories such as juices and the beverage industry at large, as well as nutraceuticals, the snacking category and
exports, «he said.
The Australian
Food and Grocery Council's (AFGC) annual industry snapshot State of the Industry 2015, released today, shows a 28 % surge in Australia's food and beverage exports in 2014 - 15 underpinning growth in the food and grocery sector despite challenging economic conditi
Food and Grocery Council's (AFGC) annual industry snapshot State of the Industry 2015, released today, shows a 28 % surge in Australia's
food and beverage exports in 2014 - 15 underpinning growth in the food and grocery sector despite challenging economic conditi
food and beverage
exports in 2014 - 15 underpinning
growth in the
food and grocery sector despite challenging economic conditi
food and grocery sector despite challenging economic conditions.
«
Growth prospects for the future are strong, reflected in surging
food exports in recent years.
«While domestic conditions remain challenging,
food and grocery processing is an area of strong
export growth with an 11 % surge in
exports last year.
Top five
export industries with
growth potential include primary metal, computers and electronics, travel and tourism and
food products.
ECONOMIC OVERVIEW Currency: Australian Dollar ($ A) Market Exchange Rate (5/24/02): US $ 1 = $ A1.79 Nominal Gross Domestic (GDP, 2001E): U.S. $ 365.8 billion Real GDP
Growth Rate (2001E): 4.1 % (2002F): 3.8 % Inflation Rate (2001E): 4.3 % (2002F): 3.0 % Unemployment Rate (2001E): 6.9 % (2002F): 7.0 % Current Account Balance (2001E): - $ 15.3 billion (2002F): - $ 16.9 billion Major Trading Partners: Japan, other Far East, European Union, United States Major
Export Products: crude materials,
food and live animals, mineral fuels and lubricants Major Import Products: machinery and transport equipment, manufactured goods, chemicals