Industry Analysis & Industry Trends
Drought, flood, volatile demand for dairy products and the ongoing effect of industry deregulation are all part of the lot of Australia's dairy farmers. More dependable is the industry's 1.6 million cows, which are expected to produce about 9.5 billion litres of milk in 2012-13.
Reduced demand for milk is wreaking havoc on the Dairy Cattle Farming industry. In 2010-11, industry revenue rose by 10%. Over 2012-13, revenue is expected to contract by 8.3% to reach $3.56 billion. Bushfires across Victoria, Tasmania and New South Wales coupled with floods across Queensland and New South Wales in January 2013 are expected to hamper industry revenue growth. In addition, farm gate milk prices are expected to decline... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years through 2017-18, IBISWorld estimates industry value added will contract at an annualised 2.9%, a rate much slower than the annualised 2.4% overall GDP growth. Although industry value added is expected to trail overall GDP, there are other factors offsetting the decline and keeping the industry from registering as a declining industry. Although the industry experienced considerable fluctuations in revenue linked to changing milk prices and production levels, the industry is considered to be in the mature phase of its life cycle.
Changes in the level of milk production are linked to drought conditions, which have lowered milk production as well as increased costs over recent times... purchase to read more