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Substantial growth expected in the NZ agritech sector

Kiwis can expect to see substantial growth in the agritech sector in the next 12 months, AgritechNZ chief executive Peter Wren-Hilton says.

Recent research suggests that New Zealand had approximately $1.4 billion worth of agritech exports in 2018 and was growing at a compound annual growth rate of four percent but New Zealand is underperforming in the absolute size of agritech exports despite good growth.

For example, Israel, a tiny desert state the size of the West Coast, exports approximately 10 times as much agritech as New Zealand, Wren-Hilton says.

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