Industry Analysis & Industry Trends
The Grain Storage industry has performed strongly over the past five years due to plentiful crop yields and two years of record rainfall. Massive harvests in 2010-11 and 2011-12 assisted industry performance, as demand for grain storage facilities increased significantly in these two years. Weather conditions have also fluctuated dramatically over the past five years. Initially, drought conditions changed to years of record rainfall, which resulted in both bumper harvests and damaged and destroyed grain crops in different areas. Weather conditions have since improved, resulting in more stable crop yields and steadier revenue growth.
Industry revenue is projected to rise at a compound annual rate of 5.9% over the five years through 2014-15... purchase to read more
Industry Report - Industry Locations Chapter
Industry enterprises tend to be located close to export terminals or near areas where grains are primarily grown. Most grain crops are grown in areas that receive between 230 and 380 millilitres of annual rainfall and business locations are generally distributed accordingly. As wheat accounts for the majority of grains stored in the industry, storage facilities tend to be located in states with large wheat crops, such as New South Wales and Victoria.
These states are estimated to account for nearly 75.0% of industry enterprises, while only accounting for just over 55.0% of Australia's total population. Barley is primarily grown in Western Australia and oats tend to be more tolerant of wetter conditions in Victoria and southern New South Wales... purchase to read more