Food & beverage report highlights real NZ opportunities   2 May 2012

Economic Development Minister Steven Joyce has welcomed a new report that provides wide-ranging insights into the food and beverage industry.

“The Food and Beverage Information Project’s Industry Snapshot is the definitive outline of the state of the industry in New Zealand,” Mr Joyce says.

“Food and beverage is a great Kiwi success story and there are huge opportunities opening up. Asia now buys 40 per cent of our total food and beverage exports while the UK buys only 5 per cent. The rising Asian middle class is demanding high-quality products and New Zealand is in an excellent position to meet that demand.”

The Industry Snapshot is part of the Food and Beverage Information Project, launched late last year by the Minister of Economic Development. It is the most comprehensive analysis of the New Zealand food and beverage industry ever undertaken.

The report shows that 75 per cent of the top 64 food industry firms by turnover are owned by New Zealanders, with Japan, Australia and the US accounting for the majority of foreign ownership.

“The Food and Beverage Industry Snapshot lays down the challenge. It shows us where the industry is doing well and where we need to do more work to build our competitiveness and capture more value in global markets,” Mr Joyce says.

“The industry exports $25 billion in food and beverages each year. Much of this is ingredients which others use to make finished products. The report estimates that international consumers pay from $140-$200 billion at the checkout counter for food products that are primarily of New Zealand origin.

“It’s not all about producing more. It’s also about capturing more of that value for New Zealand. New Zealand is about the same size as Italy, yet Italy exports twice as much food and beverage by value as New Zealand as well as feeding a population of 60 million.”

For more information visit www.foodandbeverage.govt.nz

(New Zealand Government)

Add a comment

Bookmark and Share

News

Regeneration the focus of Christchurch governance

2 Jul 2015 Canterbury Earthquake
The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes... more

Government Welcomes Successful WTO Trade Policy Review

2 Jul 2015 News
Government Welcomes Successful WTO Trade Policy Review Trade Minister Tim Groser today welcomed the conclusions of the 5th World... more

Business

TPP too big to fail, says visiting US trade deal specialist

2 Jul 2015 Business News By Fiona Rotherham
  TPP too big to fail, says visiting US trade deal specialist Petri July 2 (BusinessDesk) - Too much political capital has been... more

MARKET CLOSE: NZ shares gain, led by A2 as bidders named

24 Jun 2015 Business News
Article - BusinessDesk   MARKET CLOSE: NZ shares gain, led by A2 as potential bidder unmasked; dividends appeal By Jonathan ... more

Living

Remarkables ski area to kick off 2015 season this Saturday

24 Jun 2015 Lifestyle
The Remarkables June 24 2015 The Remarkables ski area to kick off 2015 season this Saturday The Remarkables ski area in Queenstown... more

SMCO-SOUNZ Composer Workshop selected works announced

23 Jun 2015 Lifestyle
SOUNZ For immediate release SMCO-SOUNZ Composer Workshop selected works announced SOUNZ and Auckland based St Matthews Chamber... more

Property

Extending Canterbury accommodation support

24 Jun 2015 Property
New Zealand Government Hon Anne Tolley Minister for Social Development 24 June 2015 Extending Canterbury accommodation... more

Arvida to buy three Auckland facilities for $62M

24 Jun 2015 Property
Article - BusinessDesk   Arvida to buy three Auckland facilities for $62M, raising new capital By Paul McBeth June 24 ... more

Migration

NZ migration rises to new annual record in May

22 Jun 2015 Migration By Suze Metherell
  NZ migration rises to new annual record in May, closing in on Treasury's upside scenario June 22 (BusinessDesk) - New Zealand... more

More visas online through Immigration ONLINE

16 Jun 2015 Migration
Immigration Minister Michael Woodhouse welcomes the roll out of online Work and Visitor visas as fantastic news for Immigration New ... more

Travel

Air NZ sees annual earnings rising by as much as 60%

24 Jun 2015 Travel & Tourism
Article - BusinessDesk   Air NZ sees annual earnings rising by as much as 60% By Paul McBeth June 24 (BusinessDesk) - Air New... more

Analysts divided on Jetstar impact on Air NZ's earnings

19 Jun 2015 Travel & Tourism
  Analysts divided on impact on Air NZ's earnings of Jetstar's regional routes challenge June 19 (BusinessDesk) - Analysts are... more

Sport

Wimbledon 2015: NZ Tennis players progress

2 Jul 2015 Sport
Kiwi Artem Sitak braves soaring temperatures and a lengthy battle to make it into the second round of doubles at Wimbledon.Kiwi Davis... more

Silver Ferns Netball World Cup team named

2 Jul 2015 Netball
Netball New Zealand (NNZ) National Selectors have picked a 12-strong Silver Ferns team featuring a mix of youth and experience to... more

Columns

Gordon Campbell on Tiwai Point, and saying “No” in Greece

2 Jul 2015 Opinion
Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good... more

Gordon Campbell on telling the poor to ask for more

24 Jun 2015 Column
Column - Gordon Campbell   Gordon Campbell on telling the poor to ask for more The government’s more

Kiwi Success

New Environment Protection Authority (EPA) board appointments

2 Jul 2015 Appointments
New Zealand Government Hon Dr Nick Smith Minister for the Environment New EPA board appointments Environment Minister Dr Nick Smith ... more

New Chair and Commissioners for Maori Language Commission

2 Jul 2015 Appointments
New Chair and Commissioners appointed to the Maori Language Commission The Maori Development Minister is pleased to announce that... more

Recruitment

Carpentry apprentices go head to head

23 Jun 2015 Recruitment
Apprentice of the Year Competition Carpentry apprentices go head to head in national competition Entries for the Registered Master ... more

NZ employees rate work-life balance as top priority

26 May 2015 Press Releases By Anna Lu
  NZ employees rate work-life balance as top priority, while job seekers eye cash, survey shows May 26 (BusinessDesk) - New... more