Publication Date

1-2026

Publisher

State of Western Australia (Department of Primary Industries and Regional Development)

City

Perth

ISBN

Print: 978-1-925415-25-4, Online: 978-1-925415-35-3

Abstract

The Western Australia’s Primary Industries: 2023-24 Economic Overview (WAPIEO) has been developed by DPIRD. The WAPIEO has a production and trade focus and provides a single source for consistent statistics and insights into observed industry trends.

  • The WAPIEO is based primarily on 2023-24 economic indicators from the Department of Treasury and Finance, DPIRD data, and statistics from the Australian Bureau of Statistics (ABS), in line with the release cycle dates of final ABS data.
  • All values are in Australian dollars. ABS provides production value data in 2 formats - local value (farm gate) and gross value (value at first point of sale). ABS is revising its methodology for collecting data on the value of agricultural production. ABS have provided local value of production data for a number of commodities for 2022-23 and 2023-24.
  • The WAPIEO report uses the gross value of agricultural production as a measure of value. For industries where the ABS have only reported local values, DPIRD have analysed the relationship between local and gross values over a 5-year period to derive a standard coefficient. DPIRD have assumed that this relationship will be maintained for 2023-24 financial year and have calculated gross values estimates accordingly. As a result, figures in the report may differ from future ABS data releases.
  • This report includes DPIRD derived gross value of production (GVP) estimates for the following sections: cereals, canola, lupins and other pulses and meat and livestock for the financial years 2022-23 and 2023-24.
  • For all industries, other than Horticulture, the data reported in the production value graphs is drawn from the ABS, Grain Industry of Western Australia (GIWA) and Australian Bureau of Agriculture and Resource Economics (ABARES) data sets. Where data is missing, DPIRD has made informed estimates of the value of production.
  • Horticultural statistics are drawn from multiple sources, including the ABS, the Agricultural Produce Commission, Australian Horticulture Statistics Handbook, and various industry sources.
  • Export and import data is from the ABS monthly International Merchandise Trade subscription, with DPIRD analysis. Further trade data is sourced from the ABS in customised data reports. These figures are used in the respective commodity export and import graphs. Export values in this edition of the WAPIEO differ slightly from previous editions. This is due to DPIRD reviewing and revising some agrifood export codes for accuracy and consistency (See key terms for detailed definition).
  • Import data, compiled from the ABS, define imports into Western Australia as goods from overseas entering the state by sea or air, excluding those transported by road or from other states, regardless of their final destination (See key terms for detailed definition).
  • This report includes publicly available data on forestry exports only.
  • Please note that for some graphs and tables, the figures and percentages presented do not always add to the total and/or 100% due to rounding.

Number of Pages

108

Keywords

Western Australia, primary industries, economics, statistics, industry, trade

Disciplines

Agricultural and Resource Economics

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