Gourmet food and wine

2018-19 victorian food and fibre export report

2nd January, 2020

Agriculture Victoria’s 2018-19 Victorian Food and Fibre Export Report shows that despite difficult seasonal and market conditions, Victoria’s agriculture sector increased by $98 million on the previous year.

While ongoing drought and dry conditions took their toll on the total volume of food and fibre exported, the high market value of beef, sheep and dairy products helped the state’s overall result with food and fibre contributing $14.2 billion to the state’s economy.

The meat industry lead sector, with exports increasing in value by 23 per cent to $4.1 billion. The USA remains Victoria’s largest meat export destination at $1.019 billion, while China’s demand for Victorian produce increased by 45 per cent with exports valued at $687 million.

Victoria’s horticulture businesses are growing their global footprint, with exports increasing in value by 38 per cent to $1.6 billion. In particular, almonds had a record-breaking year, reaching over half a billion dollars in export – after Australian almond orchards produced a record crop of approximately 100,000 tonnes.

Victoria’s wine is cementing its worldwide reputation for quality, with exports increasing by 12 per cent to $404 million while the volume of wine exported grew by 8 per cent.

While 2018-19 was a strong year for the sector, the impact on Victorian farmers affected by drought and dry seasonal conditions is clear. Grain exports were the worst-affected, with most of Victoria’s reserves traded domestically instead of internationally, to assist other states also suffering through a national drought.

The state government has set a target to grow the state’s $14.2 billion food and fibre exports to $20 billion by 2030. Major events such as Global Table, EvokeAg, Gulfood in Dubai and FoodEx in Japan provide opportunities for Victorian businesses to strengthen ties with industry and global markets.

Read the 2018-19 Victorian Food and Fibre Export Report online here.

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