Horticulture data shows almonds drive growth

New data: Almonds drive horticulture's trade growth

Agribusiness
IN THE KNOW: The latest Horticulture Trade Intelligence reports capture insights for key fruit, nut and vegetable products in Australia.

IN THE KNOW: The latest Horticulture Trade Intelligence reports capture insights for key fruit, nut and vegetable products in Australia.

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The latest Horticulture Trade Intelligence reports capture insights for key fruit, nut and vegetable products in Australia.

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NEW trade data reports show that almond exports sky-rocketed by 74 per cent from 2016 to 2017, and the volume of our nation’s apricot exports tripled, among other findings.

Compiled by market researchers Euromonitor International, the Horticulture Trade Intelligence reports capture insights for key fruit, nut and vegetable products in Australia from January to March 2017.

Hort Innovation chief executive John Lloyd said the information, which will continue to be released quarterly, is a useful tool for Australian exporters and those who aspire to trade.

“This trade performance data will give Australian growers the tools they need to gauge what is happening in markets around the world to identify potential market opportunities and, where necessary, adjust their farm operations and marketing accordingly,” Mr Lloyd said.

Almonds continue to dominate as Australia’s most exported commodity. - John Lloyd, Hort Innovation.

In the first quarter of 2017 (Q1 2017), New Zealand, China and the US represented the key export destinations for Australian olives and olive oil, receiving over 80pc of export volume.

Italy, Spain and Greece were stiff competitors for Australian olive products in all its key export destinations.

Avocados saw a gain in export value of $108,000 in comparison to the same quarter in 2016 (Q1 2016).

Malaysia and Singapore remained the key export destinations for Australian avocados, representing 82pc of export volumes.

In vegetables, carrots and turnips accounted for the highest share in overall export volume in Q1 2017, showing a growth in value of 14pc and volume of 4pc in Q1 2017 from the previous year.

Almonds continue to dominate as Australia’s most exported commodity. In the Netherlands, imports of Australian almond tripled during the first quarter year on year from 2011–16, reaching 2045 tonnes.

Valued at more than $11 million, almond exports to India rose by 80pc in Q1 2017 while exports to Spain recorded the highest growth at 218pc compared to Q1 2016.

CLICK HERE to read the reports, which covers 10 different horticulture categories.

Hort Innovation delivers more than $100m in research, development and marketing activities across the horticulture industry each year with funding from the Australian Government, grower levies and other sources.

The story Horticulture data shows almonds drive growth first appeared on Queensland Country Life.

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