Industry Analysis & Industry Trends
Over the past five years, unfavourable weather conditions have negatively affected the Citrus, Banana and Other Fruit Growing industry. Production output was severely constrained by flooding and cyclones, particularly in Queensland, which has contributed to revenue volatility over the past five years. Many farmers were able to replant crops soon after the wet conditions of 2010-11, which limited the spillover effect into the following year. Revenue is projected to fall by an annualised 1.7% in the five years through 2014-15, to reach $2.4 billion. However, industry revenue is forecast to recover and post growth of 1.8% in 2014-15. A... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature phase of its industry life cycle. Over the 10 years through 2019-20, industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to fall by an annualised 0.7%. Comparatively, GDP is forecast to post annualised growth of 2.7% over the same period. Typically, a negative IVA is indicative of an industry in decline. However, given the industry's volatile revenue, fluctuating profit margins and changing demand for labour, the industry's IVA figure cannot be used in isolation to determine the industry's life cycle stage.
A number of other factors indicate the industry is in the mature phase... purchase to read more