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, IBISWorld forecasts that industry revenue will grow at an annualised 1.3% 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 1.0% in 2015-16 to $2.5... 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. The industry has a high proportion of non-employing farms, which rely on owner-operators and their family members to carry out labour functions. About 65% of industry participants fall under this category. Farms that do rely on workers tend to require fewer than 20 employees. Farmers typically only hire extra labourers during harvest periods.
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... purchase to read more