Agribusiness and food
Huge demand for NSW's agriculture and food products
Australia offers investors and exporters a strong comparative advantage in the production of agricultural products, as a result of its size, geography, technology and skilled workforce.
Leading agriculture and food companies choose NSW because it offers favourable growing conditions, a well-regulated production environment, and easy access to Australia's eastern seaboard and attractive export markets.
There is huge domestic and international demand for NSW's agriculture and food products. Locally, food retailing is the biggest driver of growth in NSW's retail industry. In 2015-16, annual food retail turnover (including supermarkets, grocery stores, liquor stores, cafes, restaurants, and takeaway food services) was valued at more than $45 billion.
Exceptional export opportunities
The value of NSW's food and agriculture exports have increased by an average of 13 per cent (nominal terms) each year over the last five years. The state's key export markets for these commodities include China, Japan, the United States, South Korea and Indonesia.
NSW exports of goods and services were valued at A$57.8 billion (recorded trade basis) in 2012-13, with food and agricultural products totalling A$7.3 billion of this. The key drivers of export growth in the state over the last five years were coal, cotton and wheat.
Opportunities abound for local exporters. For example, NSW now accounts for around one quarter of Australia's wine exports by volume, valued at almost A$454 million, NSW meat exports for 2012-13 totalled more than A$1.3 billion and cereal/cereal product exports totalled almost A$1.7 billion – Source ABS unpublished trade data (final), February 2014.