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Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
The agribusiness sector plays an important role in India's economy, accounting for 16.2% of the country's GDP in FY2024 and 7.9% of total exports in 2023 (calendar year format). The sector employed approximately 46.1% of the country's total workforce ...
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Agriculture is one of the backbones of Indonesia's economy, contributing approximately 12% to the country's gross domestic product (GDP). The sector provided income for 39.5mn people, or the equivalent of 28% of the total workforce in 2023. ...
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The agribusiness sector plays an important role in the Philippines' economy, accounting for 9.4% of GDP in 2023 and 22.2% of employment in October 2023. The Philippines occupies leading positions in the global production of rice, pork, coconuts and ...
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The ASEAN region, as covered by the scope of this report, comprises the countries of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The only exception is regional external trade which includes the performance of the ten ASEAN members ...
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The agriculture sector's contribution to Malaysia's gross domestic product in 2023 came to 6.36%. Agriculture, fisheries and forestry employed 10.8% of the domestic labour force in 2023. Palm oil, rubber, cocoa and timber products accounted for ...
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The 2023-2024 crop year, which ended in June, was generally challenging for Indian agricultural producers. In the 2023-2024 crop year, the El Nino climate phenomenon resulted in suboptimal foodgrain and pulse output due to the poor monsoon rainfall. ...
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Since the sweeping economic reforms in the 1980s, Vietnam has established itself as one of the world's leading exporters and producers of agricultural goods such as rice, pork, fruits and coffee. With the transition towards a service economy, the ...
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The agribusiness sector plays an important role in Thailand's economy, accounting for 8.6% of the country's GDP and earning 7% of total exports. Moreover, the sector employed 30.2% of the country's total workforce in 2023, being the largest employer ...
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Indonesia is an important global supplier of key crops such as rice, palm oil, rubber, banana and coffee. The country is also prominent in the production of rubber, coconut, sugarcane, mango, pineapple, oranges, tangerines, poultry meat and ...
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