Industry Analysis & Industry Trends
The Grain Growing industry is highly export-oriented and includes crops such as wheat, barley, sorghum and other grains. The industry has sustained high levels of revenue volatility over the past five years, largely influenced by the adverse weather conditions that have affected local supply. Fluctuations in global grain prices and global crop supply over the past five years have added to revenue volatility. Industry revenue is forecast to expand by an annualised 8.2% over the five years through 2014-15, to reach $13.6 billion. However, plummeting revenue in 2009-10 has skewed the industry's revenue growth figure over the period. Revenue is forecast to fall 11.1% in 2014-15, due to an anticipated 14.0% to 22.0% reduction in the nation's grain crop... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Grain Growing industry is in the mature stage of its life cycle. Industry Value Added (IVA), a measure of an industry's contribution to the overall economy, is forecast to increase at an annualised 3.5% over the 10 years through 2019-20, compared with 2.7% annualised GDP growth for the same period. The high volatility of the industry results in large fluctuations in revenue from year to year. IVA has fluctuated considerably over the past five years due to changes in production volumes and weather conditions, which makes it difficult to classify the life cycle stage based on this alone.
The range of products sold by the industry has not changed significantly. However, product innovation has occurred through the introduction of GM canola in 2008... purchase to read more