Industry Analysis & Industry Trends
The Grain Storage industry has performed strongly over the past five years due to plentiful crop yields and improving weather conditions. Massive harvests in 2010-11 and 2011-12 assisted industry performance, as demand for grain storage facilities increased significantly over this period. Weather conditions have fluctuated dramatically over the past five years. Initially, drought conditions changed to years of record rainfall, which then resulted in floods that damaged and destroyed grain crops. Weather conditions have since improved, resulting in more stable crop yields and consistent revenue growth. Industry revenue is estimated to rise at a compound annual 7.3% over the five years through 2014-15... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Grain Storage industry is in the growth stage of its economic life cycle. Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at an annualised 3.7% over the 10 years through 2019-20. The industry is therefore expected to outperform the overall economy, which is forecast to grow at a compound annual 2.7% over this period. Over the past five years, the number of enterprises has increased and businesses have opened more establishments, which are trends indicative of a growing industry.
The industry's growth phase reflects growing demand for industry services from upstream grain growers and downstream grain exporters, rather than the development of new services and expansion into new markets... purchase to read more