GDP of agriculture, forestry, and fishing industry New Zealand 2019-2024

The agriculture, forestry, and fishing industry is a major production and export industry in New Zealand. In the year ended March 2024, the gross domestic product (GDP) of this industry amounted to over **** billion New Zealand dollars. 

 New Zealand agriculture 

Pastoral farming of sheep and cattle constitutes a large portion of the New Zealand agriculture industry. Despite continuing a declining trend, New Zealand’s sheep population exceeded ** million in 2024. Sheep meat and wool are both important agricultural commodities produced in the country. These products, along with beef and lamb, are consumed domestically as well as exported overseas. Horticulture production is also an important segment. A wide variety of fresh and processed fruit and vegetables are produced, consumed, and exported from New Zealand. The highest value of horticultural exports from New Zealand went to Asia in 2024.

Changing consumption habits

The consumption of beef and veal in New Zealand is projected to decrease over the next years. At the same time, global meat consumption is predicted to reduce significantly in the next 15 years, with meat replacements and alternatives filling the market. With the country’s agriculture industry dependent on its meat exports, this presents both challenges and opportunities for New Zealand agriculture.