Industry Analysis & Industry Trends
Over the past five years, unfavourable weather conditions have negatively affected the Citrus, Banana and Other Fruit Growing industry, highlighted by the Queensland floods and Cyclone Yasi in 2010-11. Production output was severely constrained by these events, which 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 contributed to the industry's recovery. Revenue is forecast to expand by an annualised 3.0% in the five years through 2013-14 to reach $2.3 billion. 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 2018-19, the industry value added (which measures an industry's contribution to the overall economy) is forecast to grow by an annualised 1.8%, compared with the forecast annualised growth rate of 2.5% for the Australian economy as a whole. Fruit varieties in the industry remain clearly segmented and there is minimal innovation in the industry, which are typical characteristics of a mature industry.
The number of industry establishments is expected to fall over the decade through 2018-19, even though production levels are projected to increase... purchase to read more