Capturing the Prize: Tasmania

The food and agribusiness opportunity in Tasmania could be worth almost AUD$9.2 billion by 2030 in value-added, resulting in 41,000 jobs

Taken together, the value of the 19 opportunities assessed in this study could be worth AUD9 billion in Tasmania by 2030, in terms of value-added. In perspective, this is over three times the current value-added by the food and agribusiness sector in Tasmania. These opportunities could also create over 41,000 jobs – over 70 per cent higher than the state’s food and agribusiness workforce today. Tasmania ranks sixth among all states and territories in Australia in terms of 2030 opportunities by value-added and jobs created – similar to its ranking on both metrics today. Pre-farm gate opportunities constitute over three-quarters of potential value-added and potential jobs created. Consumption-related opportunities account for around a quarter of the total opportunity in export and domestic markets each, while around half of the total stems from opportunities to improve production standards and supply chain capacity domestically.

Open Report