Industry Analysis & Industry Trends
As demand for fruit is largely steady, the performance of the Citrus, Banana and Other Fruit Growing industry fluctuates in line with weather conditions that affect supply. Over the past five years, changing weather conditions have led to revenue volatility. Overall, industry revenue is expected to grow at an annualised 1.0% over the five years through 2015-16, assisted by significant growth in exports. The industry started the period at a low base, as flooding and cyclones (particularly in Queensland) destroyed crops in 2010-11. Many farmers replanted crops soon after the wet conditions of 2010-11, which limited the spillover effect in the following year. Industry revenue is forecast to contract by 2.0% in 2015-16, to $2.4... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a low level of market share concentration, with no individual player accounting for a significant share of revenue. About 50% of industry enterprises generate less than $50,000 in revenue each year, with only 23.4% earning greater than $2 million.
Average farm and orchard sizes are increasing as rising input costs and lower returns erode profitability for small operators. The move towards large-scale production is likely to encourage the entry of more corporate players in the industry over the next five years and beyond. Consequently, market share concentration is projected to rise... purchase to read more