Industry Analysis & Industry Trends
Only half of the cut flowers retailed in Australia are sold by the Flower Retailing industry. The other half are sold by other retailers, such as supermarkets, online stores and convenience stores. IBISWorld estimates that specialised flower retailers generate just under half the total retail value of cut flowers, both arranged and un-arranged, totalling $909.1 million in 2012-13.
Over the five years through 2012-13, industry revenue growth slowed to an annualised 0.3% due to the downturn in consumer sentiment and spending. Consumer confidence and spending behaviour was affected by the onset of the global financial crisis, which caused instability in the stock market and a significant slowdown in the Australian economy... purchase to read more
Industry Report - Industry Analysis Chapter
It has been five challenging years for Australia's Flower Retailing industry, with revenue forecast to grow at a compound rate of just 0.3% to total $909.1 million by the end of 2012-13. The two major factors contributing to the weak performance over the five-year period include the increasing dominance of Australia's two supermarket retailers over the floriculture supply chain and the adverse influence of the global economic downturn on consumer spending and confidence. Over 2012-13, consumer sentiment is expected to improve and the corresponding rise in disposable income levels are expected to boost revenue by 1.8% for the year... purchase to read more