Value-Added NZ Food and Beverage Exports
New Massey University research shows the proportion of value-added food and beverage exports has continued to rise steadily when compared with commodity products, with the value-added sector enjoying growth of nearly 10 percent in the past five years. The study has found that earnings from value-added food and beverage exports grew to $8.11 billion, or 54 percent of all food and food ingredient exports, for the year ended June 2004. The earnings from value-added exports in 2004 increased from $7.6 billion in 2003, a rise of 6.7 percent over the 12 months.
The study has been carried out every year since 2000. Overall there has been a 53.6 percent increase in revenue from value-added products since 2000 and only a 5.3 percent rise in revenue from commodity exports in the same period.
NZTE says having more than half of NZ's food and beverage exports coming from value-added foods is a sign that the industry is clearly focused on change. Value-added foods are seen as commanding higher, more sustainable prices in world markets.
The study breaks down value-added percentages in the main export categories of meat, dairy, fruit and vegetable, beverages, cereals, seafood and miscellaneous. It was found that the biggest increases in 2004 came from the dairy and meat sectors. Export revenue earnings in the meat sector rose from $4.3 billion in 2003 to $4.7 billion in 2004, with value-added products accounting for well over half of the increase.
While revenue from dairy products fell overall in the year, the report indicates the sector actually increased exports of value-added products by 20 percent compared with 2003.
The full report is available at http://www.nzte.govt.nz |
Contact for Enquiries
The Ministry of Agriculture and Forestry
Pastoral House
25 The Terrace
PO Box 2526, Wellington
Tel: 0800 00 83 33
Fax: +64 4 894 0720
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