Northern Territory rural industries and fisheries Economic Outlook 2012 APRIL 2013 Overview The rural and fisheries industries in the Northern Territory include cattle (interstate and live export), other livestock (buffalo, crocodiles and horses), horticulture (fruit, vegetables, nursery and cut flowers) and mixed farming (field crops, hay and seeds, and forestry). The fisheries industry comprises harvesting of wild catch (including the Northern Prawn Fleet) and aquaculture. A substantial recreational fishing sector generates tourism activity and provides lifestyle amenity. The percentage contribution of each industry to the rural and fisheries total is illustrated in Figure 1, with the cattle, fisheries and horticulture industries being the major players. Figure 1: Contribution of Industry to Sector Production Value, 2011-12 Source: Department of Primary Industry and Fisheries data collections Rural and fisheries industries have significant links to other sectors of the Territory economy such as manufacturing, transport and storage, retail and wholesale trade. These industries are vital in regional areas, providing economic stimulus and employment for approximately 3,400 persons in 2011-12 (ABS). They also account for a significant proportion of the Territory's nonmineral export revenue. Territory rural industries and fisheries accounted for 2.7% of Gross State Product (GSP) in 2011-12, above the national proportion of 2.4% (Table 1). Exports of Territory rural and fisheries produce are dominated by live cattle exports (mainly to Indonesia), aquaculture, fishing, forestry and to a lesser extent agriculture services. In 2011-12, the total estimated value of rural industries and fisheries production was $641.5 million, an increase of 12.5% over the previous year, a robust result despite the weak global economic conditions (see Figure 2). The increase is primarily due to a 43.0% increase in the production value of horticulture to $198.4 million, a doubling of other livestock production (mainly crocodile production) to $22.5 million, 4.7% increase in fisheries production to $80.2 million largely driven by the Northern Prawn Fleet bumper catch and a 0.2% increase in the value of cattle output to $325.8 million. These were offset by a 22.9% reduction in the value of field crops to $14.6 million. Page 1 of 5 Economic Outlook 2012 Table 1: Agriculture, Forestry and Fisheries Contribution to GSP by State 2011-12 Tasmania South Australia Northern Territory Queensland Victoria New South Wales Western Australia Australian Capital Territory Australia (% of GDP) % Contribution to GSP 7.3% 5.7% 2.7% 2.7% 2.5% 1.7% 1.6% 0.1% 2.4% Source: ABS 5220.0 Figure 2: Northern Territory Rural Industries and Fisheries Production Value Source: Department of Primary Industry and Fisheries data collections Page 2 of 5 Economic Outlook 2012 Table 2: Gross Value of Territory Rural Industries and Fisheries Production ($ million) Value of horticultural production ($ million) 2008-09 2009-10 Mangoes 39.0 46.1 Table Grapes 3.4 3.7 Bananas 3.5 4.2 Melons 18.3 24.4 Other fruits 1.8 0.9 Vegetables 15.1 19.8 Nursery & Cut Flowers 18.2 18.7 Total 99.3 117.7 2010-11 45.4 1.6 4.3 46.4 1.2 22.6 17.2 138.7 2011-12 80.0 6.5 11.4 59.7 3.5 20.7 16.7 198.4 2012-13f 69.4 1.7 5.4 63.7 0.6 59.9 16.2 216.8 2013-14f 44.8 1.7 5.6 65.6 0.6 27.7 16.6 162.6 Value of fisheries production ($ million) 2008-09 2009-10 Fish 25.4 23.5 Crustaceans 10.2 9.3 Aquaculture 20.9 25.5 Molluscs & Echinoderms 0.2 0.0 Total NT Fisheries 56.7 58.3 Crustaceans-NPF 16.0 25.0 Total Fisheries 72.8 83.3 2010-11 24.6 7.8 26.6 0.2 59.2 17.4 76.6 2011-12 25.7 8.2 17.2 0.2 51.3 28.9 80.2 2012-13f 26.5 8.4 17.7 0.0 52.7 19.3 72.0 2013-14f 27.3 8.7 18.3 0.0 54.2 20.2 74.4 Value of cattle, other livestock and mixed farming ($ million) 2008-09 2009-10 2010-11 2011-12 Cattle 275.0 264.4 325.2 325.8 Other Livestock 10.1 9.3 10.7 22.5 Field crops 18.2 16.7 19.0 14.6 Forestry 0.0 0.0 0.0 0.0 Total 303.3 290.4 354.8 362.9 2012-13f 334.2 22.9 13.0 0.0 370.0 2013-14f 347.6 23.6 13.4 0.0 384.6 Total Northern Territory Rural Industries and Fisheries Production Value ($ million) 2008-09 2009-10 2010-11 2011-12 2012-13f Horticulture 99.3 117.7 138.7 198.4 216.8 Fisheries 72.8 83.3 76.6 80.2 72.0 Cattle 275.0 264.4 325.2 325.8 334.2 Other Livestock 10.1 9.3 10.7 22.5 22.9 Field crops 18.2 16.7 19.0 14.6 13.0 Forestry 0.0 0.0 0.0 0.0 0.0 Grand Total 475.4 491.4 570.2 641.5 658.8 Source: Department of Primary Industry and Fisheries data collections, f = forecast Please note all figures here have been rounded respectively and may not tally to totals. NPF = Northern Prawn Fleet (Commonwealth-managed fishery) Forecasting Notes (1) Forecasts for mangoes, bananas and other fruits are based on average annual yields. Recent production has been higher than average due to good seasons. (2) Table grape forecast is conservative due to adverse seasonal conditions. (3) Vegetable production increase in 2012-13 is stimulated by demand. 2013-14 forecasts are based on an average annual yield Please use this data from 1 May 2013 to 31 March 2014 only. Page 3 of 5 2013-14f 162.6 74.4 347.6 23.6 13.4 0.0 621.7 Economic Outlook 2012 Table 3: Gross Value of Territory Rural Industries and Fisheries Production (Percentage changes) Mangoes Table Grapes Bananas Melons Other fruits Vegetables Nursery & Cut Flowers Total 08-09 to 09-10 % 18.0% 8.3% 19.9% 33.1% -48.0% 31.2% 2.6% 18.5% 09-10to 10-11 % -1.4% -55.7% 3.0% 90.3% 30.0% 14.2% -8.1% 17.9% 10-11 to 11-12 % 76.2% 297.9% 163.1% 28.5% 193.9% -8.2% -2.9% 43.0% Fish Crustaceans Aquaculture Molluscs & Echinoderms Total NT Fisheries Crustaceans - NPF Total Fisheries 08-09 to 09-10 % -7.5% -9.3% 21.9% -100.0% 2.7% 55.8% 14.4% 09-10to 10-11 % 4.6% -15.3% 4.3% 0.0% 1.7% -30.3% -7.9% 10-11 to 11-12 % 4.6% 4.4% -35.3% -4.6% -13.3% 65.9% 4.7% Cattle Other Livestock Field crops Forestry 08-09 to 09-10 % -3.9% -7.8% -8.3% 0.0% 09-10to 10-11 % 23.0% 14.7% 13.8% 0.0% 10-11 to 11-12 % 0.2% 109.6% -22.9% 0.0% Horticulture Fisheries Cattle Other Livestock Field crops Forestry Total 08-09 to 09-10 % 18.5% 14.4% -3.9% -7.8% -8.3% 0.0% 3.4% 09-10to 10-11 % 17.9% -7.9% 23.0% 14.7% 13.8% 0.0% 16.0% 10-11 to 11-12 % 43.0% 4.7% 0.2% 109.6% -22.9% 0.0% 12.5% Source: Department of Primary Industry and Fisheries data collections NPF = Northern Prawn Fleet (Commonwealth-managed fishery) Please use this data from 1 May 2013 to 31 March 2014 only. Page 4 of 5 Economic Outlook 2012 Acknowledgements The important contributions made by staff of the Department of Primary Industry and Fisheries are gratefully acknowledged. The author would like to thank the following staff: Biosecurity and Product Integrity: Adele Kluth, Dick Morton Pastoral Production: Arthur Cameron, Casey Collier, Ben Beumer Plant Industries: Stuart Smith, Chelsea Moore, Megan Connelly, Mal Bennett Fisheries Group: Glenn Schipp, Andria Handley, Leonie Cooper Prepared by: Michael Jean Contact Details Michael Jean Senior Economist Department of Primary Industry and Fisheries Department of Mines and Energy GPO Box 3000, DARWIN NT 0801 Australia Telephone: +61 8 8999 2242 Email: michael.jean@nt.gov.au Disclaimer While all care has been taken to ensure that information contained in this document is true and correct at the time of publication, changes in circumstances after the time of publication may impact on the accuracy of its information. The Northern Territory of Australia gives no warranty or assurance, and makes no representation as to the accuracy of any information or advice contained in this publication, or that it is suitable for your intended use. You should not rely upon information in this publication for the purpose of making any serious, business or investment decisions without obtaining independent and/or professional advice in relation to your particular situation. The Northern Territory of Australia disclaims any liability or responsibility or duty of care towards any person for loss or damage caused by any use of or reliance on the information contained in this publication. Page 5 of 5