Industry Analysis & Industry Trends
The Citrus, Banana and Other Fruit Growing industry has struggled with the increasing incidence of adverse weather conditions over the past five years, including drought, Cyclone Yasi in 2011 and record flooding across Australia's eastern states in 2010-11. Nonetheless, industry revenue is expected to grow by 3.4% over the five years through 2012-13. Many farmers were able to replant crops soon after the wet conditions of 2010-11. The industry also benefited from growth in overall fruit consumption in Australia. Revenue is expected to grow by 7.8% in 2012-13, reaching $2.4 billion. A key advantage for the industry has been the ongoing popularity of major products such as bananas and citrus fruits, which are purchased by over 90.0% and over 67.0% of Australian households, respectively... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry incorporates a wide range of farming activities, making it difficult to pinpoint a definitive life cycle stage for the industry as a whole. For example, some segments of this industry are thought to be in a growth phase, while others (for example, banana growing and citrus growing) are mature.
The number of industry establishments is expected to fall over the ten years through 2017-18, even though production levels will increase. Demand for bananas is expected to remain stable, while demand for newer fruit varieties such as blood oranges and for avocados, mangoes and olives is expected to grow. Recent growth in nut production is expected to continue... purchase to read more