Export value of leading agricultural commodities produced in Australia 2018

Beef and veal were Australia’s leading agricultural export products, at a value of eight billion Australian dollars in 2018. Winter crops, such as wheat, barley, and canola, were also some of the major export commodities in this sector.

Major exports

In terms of domestic production, South Australia was the largest beef-producing state, with production of both grass and grain-fed beef common. Surprisingly, the forecasted per capita consumption of beef in Australia was expected to decrease over the next six years. While local demand may drop, the global meat demand will likely more than compensate for the difference. In fact, Australia already exports the majority of the meat it produces. The primary export markets for beef include Korea, Japan, China, and the U.S.

Although wheat exports are a significant segment of the market, the wheat yield was predicted to decrease in 2020. In recent years, there has been a decline in the land area dedicated to wheat production. Climate conditions, such as ongoing drought, have negatively affected many Australian crop farms, particularly in New South Wales.

Future challenges

With Australia looking set to establish itself as an even bigger contributor to the global market, adoption of new technologies will be important in order to ensure production can keep up with demand. Challenges revolve around having a large enough semi-skilled workforce, accurately forecasting yield and harvest timings, and reliance on seasonal workers. Agriculture technology, or AgTech, may hold the solutions. Globally, the value of this type of technology looks set to expand to a multi-billion-dollar market. Australia may need to quicken the pace of AgTech adoption in order to stay competitive in this market.

Export value of leading agricultural commodities produced in Australia in 2018

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Sources

Release date

January 2019

Region

Australia

Survey time period

2018

Special properties

year ending September 2018

Supplementary notes

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Statistics on "Agriculture industry in Australia"

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