Industry Analysis & Industry Trends
Grain is one of Australia's most valuable agriculture products. Wholesalers play a major role in the distribution of grain from farmers to end markets, both domestically and internationally. Over the five years through 2015-16, industry revenue is forecast to grow by an annualised 6.1% to reach $18.1 billion. Industry revenue is anticipated to rise by 5.5% in 2015-16. This is due to an expected increase in total domestic grain production, combined with a marginal increase in world wheat prices. The projected further depreciation of the Australian dollar should also boost demand, due to the improved relative affordability of Australian grains in export markets.
As is often the case for industries that depend on agricultural commodities, revenue volatility is very high... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry's life cycle stage is difficult to classify, due to a number of conflicting factors influencing its performance. These include variation in supply levels, fluctuations in global demand for grains and the introduction of genetically modified (GM) crops. Overall, the industry appears to be in a mature phase, given the increasing consolidation and overall market acceptance of industry products.
Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow by an annualised 5.5% over the 10 years through 2020-21. Comparatively, GDP is forecast to grow by 2.8% over the same period. This outperformance of the economy is typical of a growing industry, in which revenue is rising and its importance in the economy is increasing... purchase to read more