Industry Analysis & Industry Trends
Over the past five years, unfavourable weather conditions have constrained revenue growth for the Citrus, Banana and Other Fruit Growing industry. Production output was severely constrained in 2010-11 by flooding and cyclones, particularly in Queensland, 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 limited the spillover effect into the following year. Revenue is projected to grow at an annualised 0.5% over the five years through 2014-15, to reach $2.7 billion. Industry revenue is forecast to grow 3.7% in 2014-15. A... 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. Approximately 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 spur the entry of more corporate players in the industry over the next five years and beyond... purchase to read more