According to the latest forecast from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), the horticulture sector is projected to achieve a substantial valuation of nearly $18 billion. This optimistic outlook reflects a surge in global demand for Australian fresh produce and nuts, highlighting the sector’s significant economic impact.
The forecast underscores the dual forces influencing the horticulture industry: escalating global demand and various domestic challenges. The increasing preference for Australian fruits, vegetables, and nuts on the international stage is driving growth. However, the sector faces several variables that will determine its final performance, including supply chain dynamics, profitability, and market fluctuations.
Brett Fifield, an industry expert, notes that the key to sustaining long-term growth in horticulture lies in addressing declining consumption trends. This involves improving health outcomes and expanding employment opportunities within the sector, which currently supports over 100,000 workers. Ensuring profitability across the supply chain and adapting to both domestic and global market pressures will be crucial for maintaining the industry’s robust performance.
The forecast from ABARES highlights the potential for horticulture to continue thriving amidst evolving market conditions. As global demand for high-quality fresh produce and nuts remains strong, Australian horticulture is poised to capitalize on its competitive advantages while navigating the challenges that lie ahead.
