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 volatility in the past five years, largely influenced by adverse weather conditions that have constrained local supply. Revenue volatility has been further exacerbated by fluctuations in global grain prices and global crop supply over the past five years. Industry revenue is forecast to expand by an annualised 1.7% in the five years through 2013-14, to reach $12.8 billion. Favourable weather and planting conditions are projected to support production output, as revenue is forecast to rise by 5.1% in 2013-14.
The industry tends to follow a cyclical pattern, whereby sudden declines in production cause prices to spike... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is the mature stage of its life cycle. Industry value added is expected to increase at an annualised 1.7% over the 10 years through 2018-19, compared with 2.5% 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.
There are several factors that support the industry, which include significant variations in production, increased demand for grains, rationalisation of farms and the introduction of GM canola... purchase to read more