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Citrus, Banana and Other Fruit Growing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Citrus, Banana and Other Fruit Growing Market Research Report | ANZSIC A0139 | Sep 2015

Bearing fruit: Growing fruit consumption helps fuel revenue growth

IBISWorld’s Citrus, Banana and Other Fruit Growing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
1.3%
Annual Growth 16-21
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Profit
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Employment
8,940
Businesses
3,553
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 - Starting a New Business Chapter

The industry generally exhibits low barriers to entry, as most necessary inputs are readily available to growers. Sunk costs are reasonably low compared with other agricultural industries, although the price of farming land has risen substantially in the past five years. Compared with broadacre industries, fruit growing does not require large up-front investment in farm machinery. Most industry land and equipment is suitable for growing other fruit and vegetables. Long lead times between planting and harvesting are perhaps the biggest barrier for prospective growers. On average, it takes about five years for fruit trees to reach commercial bearing and it can take up to eight years before orchards break even... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Citrus, Banana and Other Fruit Growing Industry?

This industry includes farmers that grow bananas, pineapples, citrus fruit, tree nuts and other fruit.

Industry Products
AvocadosMangoesCitrus fruitBananasNutsBerriesOlives
 
Industry Activities
Avocado growingCitrus tree growingBanana growingBerry growingNut growingMango growingOlive growing


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