17 October 2012
Primary sector exports for 2012 show slight increase
Primary sector export revenue figures for the final quarter to June 2012 are mixed. While there was a decline of 5.8
percent for the quarter, there was actually an overall increase for the year of 1.3 percent.
The Ministry for Primary Industries (MPI) today released its final quarterly report for the year to June 2012. New
Zealand’s primary sector export revenue experienced a decline of 5.8 percent in the June quarter (compared with the
previous June quarter) to $8,771 million. At the same time there was a production-driven increase of 1.3 percent for the
year ended June 2012 to $32,119 million, due to favourable climatic conditions.
MPI reports export revenues for main meat products were down in the June quarter - mostly because of lower export prices
from weaker international demand and a build up in meat stocks in New Zealand, particularly for lamb. Lamb production
however, was up 5.9 percent in the year ended June 2012.Total meat export revenue was down 14.4 percent to $1,601
million.
For the most part lower dairy prices offset increased export volumes, resulting in a 5.6 percent decline in dairy export
revenue to $3,351 million in the June quarter. For the 2011-12 season (year ended June), milk solids’ production
increased 11.4 percent to 1,685,000 tonnes.
Horticultural exports declined one percent to $1,267 million in the June quarter. An increase in exports of kiwifruit
and wine was more than offset by declines in pipfruit, other fresh and processed fruit and vegetable exports. However,
horticulture revenue for the year ended June 2012 was up 5.3 percent on the previous year.
Although export revenue for total fisheries was down 4.2 percent to $399 million in the June quarter, this was mainly
due to lower export volumes for most seafood categories. International demand and prices for seafood however, remains
strong.
Forest product export revenue declined 5.7 percent to $1,131 million in the June quarter, largely due to the impact of
lower prices of logs and sawn timber exceeding the impact of increased export volumes. Favourable weather and the
recovery of wind-thrown logs from summer storms in the North Island encouraged a record quarterly high of 7.4 million
cubic metres for roundwood removals.
ends